“People are now starting to avail themselves of health care services,” John Herrmann, director of U.S. rate strategy at Mitsubishi UFJ Securities USA Inc. said in the Bloomberg article. “Going forward, it would be unrealistic to assume that the spending was as soft as was previously presented.”
Many observers have anticipated a jump in healthcare spending as a result of the ACA, or Obamacare. The Centers for Medicare and Medicaid Services estimates that healthcare spending could expand 5.6% this year, compared to 3.6% in 2013. [Despite Obamacare’s Best Efforts, Medical Device ETF Soars]
Health Care Select Sector SPDR
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