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Harry Nelson was quoted extensively in the article, “These Health Care ETFs Could Be in Play with the GOP’s ACA Repeal,” published in TheStreet on March 9, 2017. The following is excerpted from the article:
“It will likely take two years to undo Obamacare and the impact of repeal on the most vulnerable will be decided by where you live,” said Nelson.
Both Trump and the house GOP are looking for balance, too — ideally shedding the worst elements of Obamacare and keeping the effective (and necessary ones) in place. “While scaling back on Medicaid and other federal funding, Trump embraces some form of universal health care and not allow 20 to 30 million people to be stricken of health insurance entirely,” Nelson says.
Nelson also believes that hospitals will not do well under Trumpcare, and that the insurance companies will be the biggest beneficiaries. “Expect to see rising numbers of mergers in the insurance industry,” he says.
Additionally, Trump will take a “hands-on approach” when it comes to drug pricing, departing from Republicans and allowing Medicare to negotiate drug pricing with the pharmaceutical companies, he adds.
“As a result of greater competition in pricing, pharmaceutical companies stand to lose,” says Nelson.
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