A way to make money from stocks in the beleaguered health-care industry is to invest in companies that improve efficiency for providers and patients, says Jeff Jonas, a portfolio manager at Gabelli Funds who specializes in the sector.
Jonas, who manages the Gabelli Healthcare & Wellness Trust
Before looking at Jonas’ picks, here’s how the bashing of drug makers and health insurers by politicians —
|S&P 500 sector||Price change - 2016, through Nov. 1|
(The table excludes the real-estate sector, which was created only in September.)
Regardless of who wins the presidential election, Jonas believes that neither Congress nor the new president will focus on fixing the Affordable Care Act until at least the middle of 2017. That’s because “whoever wins the election will focus on corporate tax reform first, and Hillary Clinton says she will focus on immigration too,” he said.
Jonas added that the Affordable Care Act is heading toward a complete...