Every individual holds a short position on medical costs. If medical costs and the value of medical stocks are correlated, then one can hedge that underlying m

Every individual holds a short position on medical costs. If medical costs and the value of medical stocks are correlated, then one can hedge that underlying medical short by going long medical stocks. I don't actually know if that correlation holds. I should have been clearer that I was guessing it might. I actually don't know the right sort of hedging for medicine - would be great to have some help with that.