One of our core healthcare holdings, United Health (UNH) reported good earnings and guidance this morning. The weakness in employment that was a drag on enrollments seems to have been more than compensated for by price increases and new programs. With punitive healthcare legislation seemingly off the table, we can look at the long term earnings potential of companies like UNH and see that even after the recent run up, they remain very reasonably priced defensive investments.
Client earnings score:
3 positive/0 neutral/0 negative
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