2 Top Healthcare Stocks to Buy for the Long Haul
There are plenty of reasons to invest in healthcare stocks. Traditionally, they tend to be more inflation-proof and recession-proof because healthcare isn't something people can do without, particularly those with special conditions.
The long-term trends of an aging and heavier population also point toward growth for the industry. In 2020, a report by the Centers for Medicine and Medicare Services said that U.S. healthcare spending grew in just one year by 9.7% to $4.1 trillion, representing 19.7% of the gross domestic product. The report also said that figure is expected to reach $6.2 trillion by 2028.
Not all healthcare stocks are created equal, however. ResMed (NYSE: RMD) and UnitedHealth Group (NYSE: UNH) stand out because they are dominant players in their healthcare sectors. ResMed is the largest U.S. provider of sleep apnea devices, and UnitedHealth is the largest health insurer in the U.S. Their size gives them built-in advantages over the long run.
Source Fool.com
