Cramer Sees WellPoint (WLP) at $100 If Obama's Healthcare Reforms Turn Out Better-Than-Expected

On last night's Mad Money, Jim Cramer said healthcare stocks are poised to move higher now that Obama has officially unveiled his sweeping reforms for the sector. Cramer recommended investors take a look at WellPoint (NYSE: WLP), a stock which he believes will benefit from "the clarity of what Obama's plans include."

Trading at about 8x FY10 earnings, Cramer feels shares of WellPoint are looking cheap. The host believes that WellPoint is ready to crush earnings moving forward, and sees the stock trading as high as 10 or 11x earnings, pushing shares into the $60 range.

Taking another standpoint, Cramer considered what could happen if Obama's reforms turn out better-than-expected or, contrarily, never happen: healthcare stocks could return to historic multiples closer to 13 or 14x earnings, putting shares of WellPoint in the $100 range.

Shares of WellPoint are feeling a "Cramer boost" this morning, currently up 3.5% to $49.83.

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