Health insurance stocks struggled with underperformance from 2018 to the end of 2019 as investors feared imminent regulatory overhaul of the insurance industry. However, since making a bottom last Fall, most of the giant U.S. health insurers have rallied 30% or more.
Indeed, U.S. regulators seem to have become distracted with other issues, putting healthcare reform on the backburner. That said, the Iowa caucus demonstrated that competition for Democratic candidates will be very steep. High healthcare insurance premiums are one of the top issues among voters so, now that impeachment is over, it is likely