Everybody needs healthcare or will at some point. As the population grows older and medical advancements expand, healthcare spending is rising rapidly. Over the next decade, healthcare costs are expected to grow much faster than the overall economy, eventually making up nearly a fifth of the nation’s GDP.
As the demand for medical treatments and services continues to rise, fundamentally sound healthcare stocks like AbbVie Inc. (ABBV), Gilead Sciences, Inc. (GILD), and Bristol-Myers Squibb Company (BMY) are poised for long-term growth. These companies tackle some of the biggest healthcare challenges by developing cutting-edge treatments and breakthrough therapies.
