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And when you think about healthcare, that uncertainty is immediately magnified.
Fundamentally, healthcare couldn't be better positioned, with an aging America, rapidly advancing therapies, a faster-moving FDA, easy access to risk capital, and healthcare spending growing to 1/5th of GDP, as discussed in the Biotech Bonanza 2020 Outlook.
However, healthcare is at a critical point in this election year as the outcome can possibly set in motion a restructuring of the industry. As the primary election season is about to get underway, this appears to be an