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Anthem (ANTM) recently jumped to the top of Hedgeye Healthcare analyst Tom Tobin’s list of longs, with some pretty interesting numbers to the upside. 

According to Tobin, conservative models suggest a possible double for the healthcare stock.

That stands in stark contrast to some of Anthem’s rivals. Tobin says a pair trade with UnitedHealth Group (UNH) could be a great way to play the sector in the longer term.

"We’re short UNH and Anthem is the perfect offset, because for all the reasons we’re short UNH, they’re going to play positively for somebody like Anthem, with the additional benefit to being highly levered to the government,” Tobin explains in the clip above.

Watch the full clip for more.

Why Anthem Shares May Double - investing ideas