Keeping Up with Exchange Traded Funds
The Obama ETF Portfolio
ETF Investing Alongside the New Administration
Medicare changes announced by the Obama administration caused a significant decline in health care stocks.
The new approach calls for elimination of private sector participation in medicare plans, effectively eliminating $175 million of revenue for the industry. Plan management will move to government bureaucrats who can administer "more efficiently".
In reaction, the Health Care Select Sector SPDR Fund (XLV) has declined 17% since the Obama budget speech.
XLV's top holdings include Johnson & Johnson, Pfizer and Abbot Labs.
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