June 29, 2012

INSURANCE AGENTS LOSE JOB SECURITY WITH OBAMACARE RULING

Much has been discussed in the media about most of the aspects of the Supreme Court ruling on the Affordable Care Act, or “Obamacare.” I have not seen much about the plight of more than 100,000 insurance agents and brokers.

The floodgates are about to open for the mass firing of healthcare insurance agents.

The Patient Protection and Affordable Care Act dictates that health insurers must spend at least $0.80 of every $1.00 in premiums collected on health care in the individual and small group markets, and $0.85 in the large group market.

Insurance agents represented by National Association of Health Underwriters tried hard for the government to define their commissions as part of the medical expense and failed. … Please click here or the title below to read more.

June 29, 2012

WEEKLY MARKET DIGEST: 300 POINT MOVE IN DJIA PREDICTED ON WEDNESDAY

(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.)

MARKETS SPIKE ON EUROPEAN BANKING DEAL

June 29, 2012

Italy’s Mario Monti led the charge to convince Merkel of Germany to radically restructure bank aid.

It was not long ago when there was hardly even a whisper in the media on the subject, we alerted you that the bank deal in Europe was in the works. Now the first positive step has become reality.

Knowing that this deal was in the works, we have been cautioning against short selling on market lows.… Please click here or the title below to read more.

June 29, 2012