Billions to Flow to Pharmaceutical Companies from Obamacare

Fox Business News reported that the pharmaceutical industry is expected to earn billions from Obamacare.

As quoted in the market news:

The Affordable Care Act is expected to add 30 million new individuals to insurance rolls. The Congressional Budget Office reported that healthcare spending will rise to 22 percent of GDP by 2038, from 16.4 percent at 2011.

With the healthcare spending on the rise, the pharmaceutical industry is expected to have $10 billion to $35 billion of additional profit over the next decade, according to Forbes.

Click here for the full article by Fox Business News