While many of the largest healthcare companies have seen rising revenues and record profits at the start of 2019, stock prices aren’t reflecting their successes, Axios reported.
The discrepancy underscores that investors are wary about the healthcare sector as the Affordable Care Act is under dispute in court and as some lawmakers continue to push for a single-payer healthcare system. In fact, the rising support for Medicare for all may have soured healthcare on Wall St., according to Axios.
Another major factor in the space is the ongoing debate around rebates, which the Trump administration has considered eliminating from pharmacy benefit managers. That uncertainty has created further turmoil across healthcare stocks.
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Amy joined TriMed Media as a Senior Writer for HealthExec after covering home care for three years. When not writing about all things healthcare, she fulfills her lifelong dream of becoming a pirate by sailing in regattas and enjoying rum. Fun fact: she sailed 333 miles across Lake Michigan in the Chicago Yacht Club "Race to Mackinac."