Healthcare stocks have been on a roll this month, topping all other major groups again on Wednesday. Although Republican efforts to repeal and replace the ACA have created uncertainty for healthcare investors, stocks in the sector are expected to continue to rally after Senate Republicans release their draft healthcare bill on Thursday.
“Just getting to the end of the Senate process, whichever way it goes, is positive,” Jeff Jonas, a portfolio manager with Gabelli Funds, told Reuters.
The S&P 500 healthcare sector has risen 15 percent this year, topping the overall S&P 500’s 9 percent growth, according to Reuters.
More articles on healthcare finance:
California medical group files for bankruptcy
Georgia hospital lands last-minute buyer, avoids closure
A state-by-state breakdown of per capita healthcare spending
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
