By Andy Acker, CFA & Rich Carney, CFA
A proposal to expand Medicare and eliminate private insurance in the U.S. pummeled healthcare stocks recently. Portfolio Manager Andy Acker and Research Analyst Rich Carney explain what it means for investors.
It's been a tough few weeks for healthcare stocks. On April 10, Sen. Bernie Sanders, a Democratic candidate in the 2020 U.S. presidential race, introduced legislation for a Medicare-for-all health insurance scheme. Under the plan, private insurance in the U.S. would be eliminated and Medicare, the federal health insurance program for those aged 65 and older,