There are several provisions of the Affordable Care Act that the insurance industry would like the next Congress to change. If insurers get what they want — and with the GOP in control of both houses of Congress, it’s a decent bet they will — Wall Street will be exuberant indeed.Just the anticipation of what a Republican controlled Congress might be able to pull off has put insurance company shareholders in good humor. Within 24 hours of knowing that Mitch McConnell would replace Harry Reid as Senate Majority Leader, investors were active buyers of health insurance stock. In fact, the share prices of five of the six largest for-profit health insurers — Cigna, Health Net, Humana, UnitedHealthcare and WellPoint/Anthem — reached their highest points in a year last Wednesday. Some even reached historic highs. Aetna was the only one that fell short of reaching a 52-week high, but only by pocket change.Even though there is still chatter about repealing Obamacare, GOP leaders and insurance company executives understand that isn’t likely to happen. And they really don’t want it to. Insurance firms and their shareholders actually love the billions of dollars in new revenue they’re getting as a result of the law’s requirement that most of us buy coverage from private insurers. They’re pretty confident that the cash will continue to flow, because, even with Republican control of Capitol Hill, the law will not be repealed.Read More.Source: The Center For Public Integrity/Wendell Potter