Obama’s Healthcare Plan Shot In The Arm for IT Sector
The federal stimulus package passed in February may help some IT companies climb the stock charts.
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The law provides $19 billion to replace the ubiquitous paper chart on a clipboard with electronic medical records.
While some traditional technology names will benefit from this portion of the American Recovery and Reinvestment Act of 2009, it’s the healthcare IT companies that will see the biggest boost and represent the biggest opportunities for investors.
Forrester Research expects about $14 billion of the $19 billion will be available to technology vendors through purchases of technology gear and related services.
Much of the money will come in the form of grants the federal government makes to healthcare providers.