'I think it's too soon to count out UNH. It's too soon to write off Cigna. These companies are coining money,' Jim Cramer says.
shed more than 3% in value during the session. The Massachusetts senator is part of the Democratic Party's progressive wing that wants to pass a national health-care system dubbed "Medicare for All." The program would get rid of the Affordable Care Act, widely known as Obamacare.
Cramer, however, went against the grain and recommended buying UnitedHealth because it has a 2% yield and is "about as oversold as any stock I can recall, down more than 70 points from its highs." He also noted that Cigna is a good opportunity as well. "If Warren can really pass something like Medicare for All —a very big if — then the managed-care companies ... [will] cease to exist," Cramer said. "We don't even know if Sen. Warren is going to get the nomination yet, let alone the presidency. And even if she does win, that doesn't mean she'll have the votes to pass single payer.
"I think it's too soon to count out UNH out. It's too soon to write off Cigna," he continued. "These companies are coining money. Still, that doesn't change the fact that
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