From an article in Bloomberg today, "Americans Stick With Obamacare as Opposition Burns Bright" (my emphasis):
Investors are betting the law will withstand political challenges. An “Obamacare” portfolio of stocks that benefit from the law developed by the online broker Motif Investing is up 40.9 percent over a year ago as of March 12, almost doubling the performance of the Standard & Poor’s 500 index, which returned 22.9 percent.
A “Repeal Obamacare” portfolio underperformed the benchmark stock index, rising 16.1 percent during the period.
So is the "smart" money betting on Obamacare? Maybe.
Here's more encouraging news from the piece:
President Barack Obama’s health-care law is becoming more entrenched, with 64 percent of Americans now supporting it outright or backing small changes.
Fifty-one percent of Americans favor retaining the Affordable Care Act with “small modifications,” while 13 percent would leave the law intact and 34 percent would repeal it. That’s the highest level of public acceptance for the law yet in the Bloomberg poll.
What's more:
Still, rank-and-file Republicans want several key provisions retained. Sixty-two percent of Republicans want to retain the law’s ban on denying coverage based on pre-existing medical conditions, and 57 percent want to keep the requirement that insurance companies allow children up to age 26 to stay on their parents’ policies.
Even majorities of those who would repeal the law want to maintain some of those provisions. Fifty-eight percent of repeal backers favor keeping the prohibition on denying coverage based on pre-existing conditions, and 58 percent also want to continue to allow those up to age 26 to remain on their parents’ policies. A substantial 40 percent minority of repeal advocates would keep the law’s ban on lifetime caps on insurance benefits.
So are we home free? Will Obamacare survive? And, if so, will it work? I'm not sure, but I like Deep Throat's advice: Follow the money.
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