Cramer's 'Mad Money' Recap: The Real Health Care Play (Final)

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NEW YORK (TheStreet) -- "Don't try and game health care reform," Jim Cramer cautiously told viewers of his "Mad Money" TV show Wednesday.

He told investors to forget about President Obama's health care speech tonight, and instead focus on the real story, the H1N1, or "swine flu," virus.

Cramer said while everyone's talking about Obama's proposed reforms, the fact remains that any legislation that's actually proposed will not have any serious bite that could harm health care stocks. He likened Obama's position to being "third and long, hoping for a field goal" in football. He said there will be no touchdown dance in the White House.

Because of these weakened reforms, Cramer said it's OK to buy health care stocks, including HMO's like Wellpoint (WLP Quote) , Medco Health (MHS Quote) and Express Scripts (ESRX Quote), a stock which he owns for his charitable trust, Action Alerts PLUS. Cramer said he also likes device makers such as St Jude Medical (STJ Quote) and Boston Scientific (BSX Quote) .

What's really going to move healthcare stocks? Cramer said its swine flu, an epidemic that will hitting hard this flu season. He said the way to play it is with Gilead Sciences (GILD Quote), another Action Alerts Plus name, and not with speculative names such as BioCryst Pharmaceuticals (BCRX Quote) or Novavax (NVAX Quote).

While Gilead derives 80% of its revenue from treatments for the HIV virus, the company also licenses Tamiflu, one of the few drugs to combat swine flu. According to its licensing agreements, the company makes more money from Tamiflu as sales increase. Cramer said to watch this drug hit the company's bottom line hard as the flu hits.