The United States has one of the highest healthcare costs globally, and with healthcare costs outpacing inflation, health insurance has become mandatory. To save oneself from financial ruin, which may arise from rising healthcare expenses, the demand for health insurance will likely remain robust.
Moreover, given the fast-growing geriatric population and the increasing prevalence of chronic diseases, there is greater demand for healthcare coverage. Amid this backdrop, it could be wise to add fundamentally strong stocks UnitedHealth Group Incorporated (UNH), Humana Inc. (HUM), and Molina Healthcare, Inc. (MOH) to one’s watchlist.
