The epidemic of COVID-19 has boosted the worldwide health insurance industry. The health insurance sector is predicted to increase at a CAGR of more than 5%. Humana Inc. intends to become the largest supplier of home-based care in the United States. In recent weeks, Humana stock has outpaced the market, reaching a 52-week high on May 10. In late April, CVS Health Corporation announced the creation of a $100 million venture capital fund. More than 20 direct investments in early-stage tech-focused health companies have already been made by the company. The stock of UnitedHealth Group Incorporated has been jumping as a result of the company’s market-beating first-quarter results for 2021. North America and Europe are expected to dominate the health insurance business as a result of favorable reimbursement regulations. The global population is aging, and diseases including arthritis, type 2 diabetes, cancer, and heart disease are becoming more common. This will drive the insurance industry’s growth.
Here is Insider Monkey’s list of the top 10 health insurance stocks to buy. Clover Health Investments, Corp. is a health insurance company based in Tennessee that was launched in 2014. On the ranking of the best health insurance stocks to purchase, it ranks tenth. A software-based structure is used to advertise preferred provider organization and health maintenance organization health plans. Clover Health was co-founded by Vivek Garipalli. Cigna Corporation is a health insurance company based in Connecticut that was founded in 1981. It ranks ninth on the list of the best health insurance stocks to invest in. Over the last year, Cigna stock has returned more than 38 percent to investors. Centene Corporation is a health insurance company situated in Missouri that was founded in 1984. On the list of the best health insurance stocks to purchase, it’s ranked eighth. Over the last year, Centene stock has returned more than 13% to investors. Anthem, Inc. is a health insurance company based in Indiana that was created in 2004. It is one of the largest for-profit healthcare companies in the United States, with over 40 million customers. Over the last year, Anthem stock has returned more than 42 percent to investors. Humana Inc. is a health insurance company based in Kentucky that was formed in 1961. Over the last year, Humana stock has returned more than 13 percent to investors. The corporation is a Fortune 500 firm and one of the leading health insurance carriers in the United States. There are more companies on this list. Click here to see the Top 10 Health Insurance Stocks to Buy.
Unsplash
