SOURCE: Research Driven Investing
NEW YORK, NY--(Marketwire - Feb 14, 2013) - Health Care stocks have been on an impressive run to start 2013. The Affordable Care Act will provide millions of Americans with access to healthcare, creating new revenue streams for companies across the sector. Research Driven Investing examines investing opportunities in the Health Care Sector and provides equity research on Centene Corp. (NYSE: CNC) and Molina Healthcare, Inc. (NYSE: MOH).
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The Affordable Care Act (Obamacare) requires every American to acquire health insurance by 2014 or be subjected to a tax. For those who can't afford health insurance they will be offered subsidies or Medicaid. Statistics from the Census Bureau show that approximately 50 million Americans did not have health insurance in 2009.
According to the Centers for Medicare and Medicaid Services total health care spending is projected to grow from an estimated $2.8 trillion last year to $4.8 trillion by 2021, an increase of 70 percent. "There's just a lot more money flowing into health care and we're seeing the markets react accordingly," says Invesco portfolio manager, Derek Taner.
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Centene is a leading multi-line healthcare enterprise that provides programs and related services to the rising number of under-insured and uninsured individuals. The company reported premium and service revenues of $2.3 billion in the fourth quarter, a year-over-year increase of 58 percent. Shares of Centene have gained over 10 percent year-to-date.
Molina Healthcare provides quality and cost-effective Medicaid-related solutions to meet the health care needs of low-income families and individuals and to assist state agencies in their administration of the Medicaid program. The company swung to a net income of $25.6 million in the fourth quarter, compared to a net loss of $33 million a year ago.
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