Closing Market Report 5/27/2015

May 27, 2015
The KUIK Closing Market Report for Wednesday, May 27:
Markets were up.
Index Direction Change Units Index Time Change
Dow Up                    121 points           18,163 2:33 PM
S&P500 Up 0.9% percent             2,123      19.28
Nasdaq Composite Up 1.5% percent             5,107      73.84
30 Year Treasury Down                      (1) Basis Points               2.88 Annual Yield
A study in Health Affairs magazine calls for a universal single-payer system because it concludes it would reduce administrative costs. The report says that over the eight years through 2022, the Affordable Care Act will tack on $273.6 billion in overhead. Some of that will be added to Medicare and Medicaid programs, but most of it, $172.2 billion will be borne by private insurance. That amounts to $1,375 extra for each newly insured person a year, or about 22.5% of total government expenditures.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/obamacare-to-add-billions-in-insurance-overhead-costs-study-says-2015-05-27?dist=afterbell
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