Billionaires Secretly Love Obamacare: Expert Reveals Why...
"But why would Buffett and Soros support a bill that tacks an additional 3.8% tax on dividends, interest, rent, capital gains, annuities, and home sales for anyone making over $200,000 ($250,000 for joint filers)?
These two famed investors aren't just supporting the bill. They've been making specific investments based on what's written in the new law."
The latest 13F filings show that last quarter Soros' fund, Soros Group Management, bought 125,000 shares of Gilead Sciences, a research-based biopharmaceutical company that discovers, develops and markets medicines.
The fund also purchased 250,000 shares of pharmaceutical giant Merck, 100,000 shares of Bristol-Myers Squibb, and two of his top 10 holdings now include Johnson & Johnson and WebMD.
Filings for Warren Buffet's Berkshire Hathaway show that in the year since Obamacare was upheld by the Supreme Court, the fund bought 5.67 million shares of DaVita HealthCare Partners, a leading provider of kidney dialysis services.
Buffett and Soros aren't the only billionaires making big bets because of Obamacare.
In the 12 months after Obamacare passed Carl Icahn has snatched up 4.3 million shares of drug manufacturer Forest Labs, which is Icahn's fourth largest holding. Icahn also holds 5.9 million shares of Enzon Pharmaceuticals and 6.7 million shares of WebMD.
Billionaire Ken Fisher of Fisher Asset Management bought over 9.8 million shares of Pfizer, the quarter immediately following the passage of Obamacare.
Billionaire David Einhorn who heads Greenlight Capital bought 6.7 million shares of health insurer Aetna and 4.9 million shares of its competitor Cigna in the past year.
John Paulson of Paulson & Co. has caught on as well this past year, buying 6.5 million shares of Aetna, and 963,000 shares of Jazz Pharmaceuticals, a specialty biopharmaceutical company.
Finally, in the past 12 months billionaire Leon Cooperman of Omega Advisors has bought 945,827 shares of Express Scripts, the largest distributor of prescription drugs.
Remember, 13f filings aren't released until months after trades have already been made, allowing big investors to act quietly."
In short... billionaires will make BILLIONS off of Obamacare.
How's that for redistribution???????