What The Supreme Court Ruling Meant To The Nation's Insurers: $3 Billion Minutes After The Announcement; GDP Forecast Ticks Up -- June 25, 2015

538 is reporting: The Supreme Court’s Obamacare Decision Is Already Worth $3 Billion For Insurers.

The Supreme Court rejected a challenge to Obamacare’s health insurance subsidies in a 6-3 decision Thursday morning. The King v. Burwell decision will make a big difference to the 6.4 million Americans who were expected to lose their subsidies if the Court ruled the other way. And it’s making an even bigger difference to the health insurance industry, which relies on the subsidies to help poorer customers afford premiums.

The five largest publicly traded health insurance companies (UnitedHealth, Anthem,1 Aetna, Humana and Cigna) — all of which were party to an amicus brief in support of the subsidies filed by America’s Health Insurance Plans, a trade group for insurance companies — rose an average of 1 percent over their opening prices by 11 a.m. Thursday. The bounce started at approximately 10:10 a.m., right when SCOTUSblog first announced the Supreme Court’s decision.

I've made that case from the beginning. The bill was written by the insurance companies; it was marketed by a Mitt Goober.

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Women's Soccer

And from the same source: women's soccer.

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GDP Forecast Ticks Up

Latest forecast — June 25, 2015.

The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2015 was 2.1 percent on June 25, up from 2.0 percent on June 23. The nowcast for second-quarter real consumption growth ticked up from 2.9 percent to 3.0 percent following yesterday's GDP release from the U.S. Bureau of Economic Analysis and this morning's personal income and outlays release from the same agency.

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Blind spots
Naive
Cognitive dissonance
Inconsistent
Gullible