Before the first ballot was cast in the 2008, Obama's quest for health care reform caused havoc in the sector and among health care ETFs like iShares Nasdaq Biotechnology (IBB) and HOLDRS Merrill Lynch Pharmaceutical ETF (PPH).Government plans to extend health care to the uninsured and cut costs could certainly hinder major health care companies such as Amgen (AMGN) and Gilead (GILD), as lower costs cut into profits. Some analysts, however, believe that the influx of people into the heath care system and the bubble of aging baby boomers could make up for setbacks caused by reform.
Healthy Biotech and Pharma ETFs
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