Typically, healthcare costs outpace inflation. To insulate oneself from the ever-rising healthcare costs, health insurance has become mandatory. Along with rising healthcare costs, the rapidly aging population and a growing number of chronic diseases are pushing the need for quality healthcare, thereby driving demand for health insurance,
Amid this backdrop, it could be wise to add fundamentally strong health insurance stocks, UnitedHealth Group Incorporated (UNH), The Cigna Group (CI), and Centene Corporation (CNC), to your portfolios.
