No one can answer that question today. But given that HZNP is down approx. 42% from it's high I think is reasonable correction and odds are it's a bottom. I got back in yesterday Looking at my 1 year volatility chart it appears that we break up from here. At least for the short term.
True, but the stipulation still stands. Congress would need to repeal it if medicare was to get bargaining power. I don't see a republican Congress doing that. Although with Boehner resigning there might be someone sympathetic with Tea Party goals elected to House majority whip.