3 Biden Healthcare Stocks to Watch
The Biden administration is looking to expand access to healthcare. Oscar Health (NYSE: OSCR) is a low-cost healthcare insurance plan company positioning to capitalize on this movement. Teladoc Health (NYSE: TDOC) should continue to thrive as people get back to work, and Illumina (NASDAQ: ILMN), with it's DNA sequencing solutions, should continue to be a steady climber with the current administrations' renewed emphasis on research and development.
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Should the U.S. see the return of the individual mandate, which requires individuals to have healthcare insurance or face financial penalties, one big winner could be Oscar Health. The company offers health plans in the individual insurance market, and is the third-largest for-profit insurer in the individual, small group, and Medicare Advantage markets. These three markets represent an estimated addressable market of $450 billion in direct policy premiums in 2020 across the U.S., according to the company. Currently, Oscar Health offers health insurance plans in 291 counties across 18 states, and has its eyes on expansion.
Source Fool.com
