- Socio-Political Commentary -

April 5, 2010 (FinancialWire) — Editor’s Note: Because socio-political events, developments and influential entities' publicly-issued opinions have an impact on related markets, we offer the following statement, released by AARP CEO, A. Barry Rand, subsequent to the March 30 signing by President Obama of the Health Care and Education Affordability Reconciliation Act of 2010, particularly for FinancialWire(tm) readers with an interest in healthcare investments, such as the Health Care Select Sector SPDR ETF (NYSE: XLV), the SPDR S&P International Health Care Sector ETF (NYSE: IRY) the First Trust Health Care AlphaDEX Fund (NYSE: FXH) and the WisdomTree International Health Care Fund ETF (NYSE: DBR):

“With the stroke of a pen, today President Obama has achieved a monumental change in America’s health care system. Today, quality, affordable health care is in reach for millions of Americans who couldn’t afford coverage. Today, millions of Americans finally have access to better health, and better health care.

“For AARP members and all older Americans, today finally brings much needed relief to the spiraling cost of prescription drugs by closing the Medicare prescription drug coverage gap or ‘doughnut hole.’ By completely closing the doughnut hole, people in Medicare Part D thankfully no longer have to make the tough decision to either pay bills or split pills.

“As these and other important health care reforms begin to roll out, we will continue to work with our members and all older Americans to make certain they realize the benefits of this historic legislative package.

“By signing this legislation, President Obama has marked the beginning of a better, healthier America. We thank President Obama and Members of Congress for the leadership and hard work they demonstrated by navigating health insurance reform through such a difficult path.”

(Source: http://www.aarp.org/aarp/presscenter/pressrelease/articles/obama_signing_hcr_package0.html)

AARP is a nonprofit, nonpartisan membership organization that helps people 50+ have independence, choice and control in ways that are beneficial and affordable to them and society as a whole. AARP does not endorse candidates for public office or make contributions to either political campaigns or candidates. We produce AARP The Magazine, the definitive voice for 50+ Americans and the world's largest-circulation magazine with over 35.7 million readers; AARP Bulletin, the go-to news source for AARP's millions of members and Americans 50+; AARP Segunda Juventud, the only bilingual U.S. publication dedicated exclusively to the 50+ Hispanic community; and our website, AARP.org. AARP Foundation is an affiliated charity that provides security, protection, and empowerment to older persons in need with support from thousands of volunteers, donors, and sponsors. We have staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.

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