Markets Wrong to Fret Medicare for All, Glenview's Robbins Says
- Hedge fund firm is also sticking to its bet on McKesson
- U.S. economy had reasonably good grown last quarter: Robbins
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Investors were wrong to be fearful of the “Medicare-for-All” proposals that sent health insurer stocks plunging this year, according to Larry Robbins, founder of hedge fund firm Glenview Capital Management.
"Anything that’s mandatory in health care in the U.S., whether it’d be the individual mandate or something like mandatory Medicare, becomes quickly unpopular as 85 percent of people are actually happy with their insurance," Robbins said Tuesday in an interview on Bloomberg Television. The remaining coverage gap can be addressed without getting rid of the private insurance companies, he said.