what could be the impact. >> wellpoint there are about 30% of the people enrolled with wellpoint who are either individual or small groups. the funny thing is though that even if it gets struck down they're going to be okay because they're so diversified that these 30% of people enrolled with them and you know individuals, it really is not that big of a profit tow end of the week. >> because not as much of a profit from the big groups, for instance. what about exposure, dow have any position, can you have positions in these. >> i do not have any positions. and i can to the have any positions. >> tom: awaiting the supreme court decision on health reform, you can read the article in anticipation at the street.com. a link on our web site as well with. word on the street it's joe deaux, industry.com. >> thanks, tom. >> susie: united health care will continue offering some of the health insurance benefits required under the health care reform law, regardless of whether the supreme court strikes it down. the nation's largest insurer will allow people, up to age 26, to stay on their parents

i don't want to buy wellpoint to see another leg down.lus away fr wellpoint, the stocks haven't reacted all that much relative to the last few days. >> steve grasso, you've been looking towards this day for quite some time. what are your thoughts on how you would invest in the face of all this? >> shock just like the rest of the panel. the device makers, i think, stephen and stephanie, it's like an all stephen and stephanie cast right now, right? the device makers, the tax is already in the 2013 numbers. i would probably dabble in here because the house actually passed a bill that removes that tax, has to be passed by the senate. huge if. if it does, those numbers are already in for 2013. irthink you can probably dabble in a medtronic name. corporations are just going to dump these employees into the exchanges. now all of a sudden you have to haggle with the federal government based on your margins versus these individual private companies. so i'm not really sure that's a huge benefit other than to the medicaid hmos that kris jenner just

>> tom: like the diversified revenue there i have to move on for the one you said ill-prepared, wellpoint, wlp, just under 30 seconds here, what makes you think this business model isn't ready. >> they have a gate deal of exposure to the commercial marketsing particularly the retail individual market and. they are not growing as well in the growing government platforms that i brought up and then finally despite the blue brands and very strong market share in every local market that they are present in, they have not really played a leadership role in bending and being part of the solution. >> two to watch there on either side. how about disclosure, do you have a position on it. >> i don't have a position. >> tom: anna, covering the insurance stocks with us. >> susie: the restaurant business is one of the toughest in the world. more close than open every year and on average the life span is a short two years. so how does one family-owned and operated restaurant operation in northern california keep expanding? with tonight's "made in america," mike hegedus tells us the secret really is in t

our favorite name in the sector is wellpointe.s a managed care company, and for wellpoint earnings are a good proxy your cash flow. they will spend $2.5 billion this year to buy back stock. >> why would the supreme court decision help wellpoint if they threw it out. >> because they wouldn't have to -- you end up with something called the free rider problem. if the legislation goes into effect, somebody would sign up for health insurance in an ambulance on the way to the hospital. you think your health insurance premiums are high now, imagine what they'll be when you have to cover everybody if they're buying their insurance on the way to the hospital. >> all right. when is it going to happen? >> probably sometime later in june. july is a possibility, but june is the best bet. possibly next monday. >> we sometimes hear people say it could happen on a tuesday. today is a tuesday. >> they can decide any time they want to. >> by the way, they already decided, right? >> they already decided, we just don't know what the decision is. >> t

the managed care stocks are on the downside today with wellpoint, etna and united health care all losinground. without a reservation... and without a line. now that's a fast car. it's just another way you'll be traveling at the speed of hertz. this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. but they can also hold you back. unless you ask, "what's next?" introducing the all-new rx f sport. this is the pursuit of perfection. >>> >>> coming up, the top of this hour, we are all over the supreme court's big health care decision. the ruling defined the centerpiece of the president's law as a tax. when's it going to cost and who's going to have to pay for it? bill zbroegross is here. we'll find out whether he thinks the u.s. is the place

if you wanted to buy something off of it, you wait until tomorrow, and you realize that wellpoint isurt that badly, unh is not hurt that badly. the hospitals are going to get paid. the bad debt may be a thing of the past for them. i understand why hca is the biggest winner, and i think it will probably go higher. >> take the unh, though, and isn't the trade done? it's run up ahead of the decision. it's run up this year. it was at the highest level for the year, i believe, yesterday. maybe it's time to simply rotate out. what's the next catalyst for a unh, for instance? >> ucht nh is a play on employment. the employment is not good. as i said earlier, i said what's happened here is this is still one more reason why you don't form a business. at the same time, these companies are just incredibly profitable. while i think all they've done is give up what they made the other day, i don't want to throw them away, and i don't like to chase stocks that are really up. i'm just thinking about we had the ceo of humana on, and he was on this morning. he really told a good story. the stock's get

so we're watching shares of wellpoint, losing 7%. and aetna, they're all down as well. now, many of these companies are also heavily exposed to medicaid. health care reform actually cut their medicare reimbursements. and what it also did was institute a situation where these insurers have spend more of their premium money on actual medical claims. candy? >> alison kosik on wall street for us, thank you very much. >> sure. >>> coming up, more reaction to the supreme court's big decision today on your health care. people with a machine. what ? customers didn't like it. so why do banks do it ? hello ? hello ?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello ? ally bank. no nonsense. just people sense. >>> we're getting reaction from the medical community to the landmark decision by the supreme court, upholding president obama's health care law. the american medical association, the ama, had this to say. "we are pleased that this decision means millions of americans can look forward to the coverage they n

wellpoint buying 1-800 contacts. the terms weren't disclosed.y buddy media. >> coming up, larry summers on the path to global economy and peter fisher will join us in the next half hour. he's a "squawk box" market master. ♪ wish it were sunday, that's my fun day ♪ ttd#: 1-800-345-2550 ttd#: 1-800-345-2550 let's talk about market volatility. ttd#: 1-800-345-2550 in times like these, it can be tough to know which ttd#: 1-800-345-2550 way the wind is blowing. ttd#: 1-800-345-2550 at charles schwab, we're ready with objective insights about ttd#: 1-800-345-2550 the present market and economic conditions. ttd#: 1-800-345-2550 and can help turn those insights into ttd#: 1-800-345-2550 a plan of action that's right for you. ttd#: 1-800-345-2550 so don't let the current situation take you off course. ttd#: 1-800-345-2550 talk to chuck. ttd#: 1-800-345-2550 >>> welcome back to "squawk box" on this monday morning. the outlook for the global recovery looking more gloomy after friday's weak jobs reports. larry summers says countries like the u.s. should tak

. >>> take >>> take a look at a stock to watch this morning, we're just going to talk wellpoint, will lawsuit relating to the conversion of its anthem unit to a stock based company, it will cut full year earnings by eight cents a share. we'll watch the hmos in light of what we'll probably know in the next week. >> it could happen thursday. they put out some on thursdays as well so it could be a monday or a thursday. >> we see the wires and it says scotus, a big decision, like potus. >>> still to come, larry sey will join us from his thoughts on greek election results and the few of the eurozone and austan goolsby and neel kashkari. so did the country that came in 17th place. let's raise the bar and elevate our academic standards. let's do what's best for our students-by investing in our teachers. let's solve this. in your fight against bugs. ortho home defense max. with a new continuous spray wand. and a fast acting formula. so you can kill bugs inside, and keep bugs out. guaranteed. ortho home defense max. with scottrader streaming quotes, any way you want. fully customize it for you

not a conspiratorial person but you write in your book, leaders of cigna, humana, united health wellpointd to understand that. when the supreme court ruled that corporations have the same equal rights as individuals and when they ruled that money is free speech, that was the lowest day in our country's history in my opinion. i would like to see this, the next time a guy robs the bank, he should use free speech as his defense. say i was just practicing free speech. the supreme court said that money is free speech. >> stephanie: yep. absolutely. here you have one of the major candidates saying no, corporations are people. >> yeah, right. >> you know what? if they elect mitt romney, they're getting gordon gecko. because what bain or whoever it was he worked for in the private sector, that's exactly what their job was. they were hostile corporate takeover. they take over companies. they would shred them and make huge profits and send everybody to the unemployment line and yet he's going to tell us he knows how to create jobs. he only knows the jobs he creates are in-line jobs. >> stephanie: b

. >> well, it's interesting to note that wellpoint has turned higher.s group is trading down, along with the broader markets. while health care was the best performer in the last week leading up to the decision since the law was signed into law, march 23rd, 2010, the s&p health care index is up by 14.7%. and that is basically in line with a broader s&p 500, outperforming by one percentage point. a roughly inline trade since the law was signed. >> a.p. is reporting we are getting some decisions. the supreme court striking down montana limits on corporate campaign spending. the supreme court, according to the a.p., ruling out life in prison without possibility of parole for juveniles under 18. these were all cases that were on the docket before the court this year. >> interesting, they struck down montana, did you say? that was a citizens united-related decision as well. >> of course, even the president of the united states seemed quite sanguine about the idea that the individual mandate might be knocked down. reportedly when he was at a fund-raiser in ma