Investing in health insurers today amounts to a bet against the Medicare for All proposal championed by Senator Bernie Sanders and other Democrats running for president, Andrew Bary writes in this week’s edition of Barron’s. While the stocks have been battered, given the long odds of an industry-killing plan becoming law, shares of the leading insurers – UnitedHealth (UNH), Anthem (ANTM), Cigna (CI), Humana (HUM) and CVS (CVS) – look appealing, Bary contends. The stocks trade for an average of just 12 times projected 2019 earnings and UnitedHealth, Anthem, and Humana already are generating double-digit growth in earnings per share, he adds.
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