Futures Market Betting Against Public Option

Liberals on Capitol Hill might still be pushing for a public insurance option as part of this year’s health reform strategy, but investors aren’t banking that it’ll make the cut. At least according to Intrade, a Website allowing members to trade on their predictions of future events.

In late July, the probability that a public plan would pass this year approached 50 percent, according to Intrade. Today, that probability is roughly 17 percent, and falling.

No wonder insurance company stocks are on a steady rise.

h/t: Alex Vachon

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