GettyWhenever "Medicare For All" hits the headlines, healthcare stocks hit an air pocket. 1384, the Medicare for All Act of 2019, is sponsored by Rep. Pramila Jayapal and has 108 co-sponsors. In the Senate, S.1804, the Medicare for All Act of 2017 sponsored by Sen. Bernie Sanders in the previous Congress, had 16 co-sponsors including current Democratic presidential candidates Sen. Cory Booker, Sen. Kristen Gillibrand, Sen. Kamala Harris, and Sen. Elizabeth Warren. However, not all healthcare stocks will be affected in the same way. Nevertheless, when the healthcare sector hits an air pocket due to Medicare For All, there may be buying opportunities for pharmaceutical and biotech stocks that are less vulnerable.
Source: Forbes April 15, 2019 19:52 UTC