Ira Stoll on How Obamacare Is a Boon to Insurance Companies

Before shedding any tears for the insurance companies, check their stock prices. One of the most remarkable moments of the administration came on June 24, 2009, when Mr. Obama told Aetna's CEO, "Aetna is a well-managed company and I am confident that your shareholders are going to do well." If you took that stock tip from President Obama, you would have done pretty well, writes Ira Stoll. Shares in Aetna are up 89% since then, assuming reinvestment of dividends, far outpacing the 49% return of the Standard & Poor's 500 Index over the same period.