Wait, I thought Republicans were the party of big business?
In the chart below, I’ve plotted IHE (Ishares Dow Jones Pharmaceuticals ETF), IHF (Ishares Health Care Providers), and IHI (Ishares Medical Devices), with SPY (S&P depository trust) included for comparison purposes. I’ve also included vertical lines marking various landmarks in the road to healthcare reform (left to right): May 11, healthcare industry players meet with Obama; June 8, Senate HELP committee releases initial draft bill; June 23, Obama presser on healthcare; July 22, Obama prime time presser on healthcare; July 31, Congress recesses to go home and get yelled at by constituents; November 19, Reid unveils bill in Senate; December 24, Senate passes healthcare bill. [Read more →]