One source defines the healthcare
sector as “a category of stocks relating to medical and healthcare goods or
services,” including “hospital management firms, health maintenance
organizations (HMOs), biotechnology and a variety of medical products”. Insurance providers, health care real estate
investment trusts, and medical equipment manufacturers are three industries
warranting specific mention, and it should be noted that pharmaceutical
companies generally dominate the holdings of health care mutual funds.
Lately, anytime we start pondering
investment decisions in this arena, Obamacare stops us dead. This abomination is an insurance plan right
now, but how will nationalization impact the rest of the healthcare sector once
their antiestablishment ball gains momentum? Tackling insurance benefits suggests across-the-board
price control to us. That places
everything from Band-Aids to physician compensation on the table, and all seem
likely to be targeted by a proven pack of fools who have no idea what they’re dealing with.
Remember, this is a President with
absolutely zero business experience who drew 92% of his closest advisors, by
one apparently reliable count anyway, from outside the business world.
A cursory review of what’s next with
government intervention into healthcare indicates that nobody knows what’s next. The silence is deafening.
Clearly, this is not a future our
subscribers should be invested in.
Time and time again, we keep coming up
with the same conclusion. Hold large cap
multinationals. Especially in this particular
sector, now is no time to be buying American.
