Following last year’s sweeping overhaul of the nation’s health care system, many pharmaceutical industry followers predicted Big Pharma would be one of the key winners. Conversely, experts predicted ObamaCare would have dire consequences for insurance industry stocks.
While it’s still early in the game, just the opposite has occurred.
In the case of the health insurance stocks, the reality of the law’s impact has proved to be far less onerous than expectations. The fact is, passage of the law removed the uncertainty hanging over shares of the insurance stocks. Once the dark clouds dissipated, investors saw an opportunity and jumped aboard. Their enthusiasm is reflected in the collective 15% increase in the industry’s shares during the past year. Read