The Senate Finance Committee approved
Government HealthCare Bill of $899 Billion with Help from Olympia snowe. This is biggest victory for Obama Government since they came into power, however it took republicans by surprise as they were totally against the government health care bill or baucus healthcare overhaul plan.
Republican Senator Olympia Snowe voted in favor of the Health Care Bill which helped it pass through. This healthcare overhaul will be biggest ever government controlled health care program since medicare. Immediately after the voting, All healthcare insurance stocks fell sharply led by UnitedHealth Group (NYSE:UNH) and Healthnet (NYSE:HNT).
The healthcare bill will now be discussed in the senate.
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