
In recent stories I have highlighted several health care stocks that I think would be strong candidates for small portfolios (
Part 1 and
Part 2) that would be safe and pay high yields. These include:
Johnson and Johnson (NYSE:
JNJ),
Abott Laboratories (NYSE:
ABT) and
Novartis AG ADS (NYSE:
NVS). I have been thinking about these companies and how others will fare in the health care debate.
While Washington debates the merits of various health care bills, the health care companies lobby to influence the outcome. Businesses and employees are resistant to taxing current health care benefits but very few people are opposed to taxing those that get big paychecks.
I think we are heading down the wrong path regarding health care "reform" once again. There is no question that most people want to improve health care in many respects, including but not limited to, the quality, cost, and delivery, but the devil is in the details and we may end up no better off than we started except of course with more complexity and greater cost.