Pharmas are quickly becoming Public Enemy #1 in the crony capitalist game.
There is a lot of competition for the #1 crony spot.
Their stocks have moved up big time because of government policy.
The image of pharma was in big trouble back around 2004 with the Left demanding a Medicare prescription plan for seniors.
In comes Karl Rove and W Bush to create Medicare Part D with taxpayers helping to pay the way for pharma products.
Now Obamacare with its subsidies and higher costs to everyone with health insurance coverage plus mandatory coverage or high taxes bails out pharma even more.
Pharma and Pharma related stocks are soaring and I am invested there. Health Care stocks ‘jumped’ after the SCOTUS ruling last week.