Wall Street gets a butt whippin'

Friend and colleague Bob Laszewski has shined a very bright light on Wall Street's ignorance about the health insurance business. Bob notes: "We are way past the time the really smart people on Wall Street (that would be all of you) needed to start asking just what the future of this business is. If the answer you get is that the future of managed care is just to ride an unsustainable health care cost trend rate many more years into the future[bold is mine] you might just want to dig a little