Weekend Digest #309 (UnitedHealth, Debt Rating Downgrade, DAVA/GLOB/EPAM)
Why UNH is more like Boeing than Enron. Also the debt rating and IT outsourcer earnings.
Summary
Moody's U.S. debt downgrade is more symbolic than crisis-inducing, but it will likely stiffen Congressional resistance to aggressive tax cuts and deficit expansion.
United Health faces severe regulatory and reputational risk; I see it more as a value trap akin to Boeing or Wells Fargo rather than an Enron-style collapse.
U.S. healthcare spending is…
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