From Cynthia Scott of OMC Financial Services:
As an investor what should you do now that Obama care is in effect?
**Drug companies, health care providers, insurance companies are just a few of the industries that will be affected
**Municipal bonds related to the health care industry will also be affected since they will have to pay more interest to attract buyers
**Device makers such as Stryker, which manufactures many health devices, will also be subject to additional fees
**Companies which have more than 50 employees will be affected because they may either opt out of paying insurance for their employees or may reduce their employee count to avoid coming under the new law
**States are permitted to increase their Medicaid coverage which will create additional taxes for residents and since their budgets are already strained, state municipal bonds may be downgraded.
**Recommendation:
>>If you own any positions in the health care industry or municipal bonds which may be affected continue to hold your positions
>>Since this is an election year, there is a great amount of uncertainty that provisions of the law maybe changed in the future
>>Do not add positions in these areas until after the election
