Which healthcare stocks are winners in Biden’s social-spending plan? Insurers in the states that haven’t seen Medicaid expansion appear set to benefit, according to one analyst.
President Joe Biden’s social-spending package still faces a long road to becoming reality, but analysts are flagging some winners in his $1.75 trillion plan.
“The biggest winner for investors are publicly traded hospitals like HCA HCA, -0.08%, which have their facilities located in southern states that have not expanded Medicaid under the Affordable Care Act,” Barford said in a note Friday. “The bill contains three years of 100 percent subsidies for those people who fall through the so-called Medicaid gap to purchase plans on the ACA exchanges.
Home-health stocks — Addus Homecare ADUS, +6.87%, Amedisys AMED, -0.95% and Encompass Health EHC, -0.39% — look like winners as well, albeit to a lesser extent than initially expected, as the bill would provide $150 billion for that sector, Barford said.And makers of hearing aids such as GN Store Nord GNNDY, -7.80% GN, -8.29%, Amplifon AMFPF, +7.31% and Sonova SONVY, -2.45% should get a lot more business thanks to the Build Back Better Act, the analyst said.
Biden and other top Democrats have been aiming to advance a big social-spending package in tandem with a $1 trillion bipartisan infrastructure PAVE, +0.04% bill that already has passed the Senate. House Speaker Nancy Pelosi set a Halloween deadline for advancing the infrastructure measure that she’s on track to miss, but some analysts have been eyeing the end of the year as the key time for action all along.
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