Healthcare stocks outperform S&P 500 by 15% in 2026

A basket of healthcare insurers and managed care companies (e.g., UnitedHealth, Humana, CVS Health) will outperform the S&P 500 by at least 15% in 2026, driven by Medicaid expansion tailwinds, higher ACA enrollment, and reduced uninsured risk for providers. The rally will begin in Q1 2026 as red states finalize expansions.

Implied probability (Yes)

68%