Investing in Health Care Reform
Like any piece of major legislation, the new health care reform law brings both opportunities and potential traps for investors.
To help AAII members identify both, we contacted a few companies that run health care sector mutual funds. Fidelity, Janus and T. Rowe Price either made their health care fund managers available for comment or provided copies of internal interviews with their respective managers on this topic. Table 1 shows the performance of the health care funds managed by those whose views we present.
A common theme, not surprisingly, was that the cloud of political uncertainty has been lifted from the health care sector. Going forward, mutual fund managers think the emphasis will be on cost controls and innovation. Health care companies that provide either, or both, stand most likely to benefit.
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