Health benefits company Anthem, Inc. (ANTM) in Indianapolis operates through four segments: Commercial & Specialty Business; Government Business; IngenioRx; and Other. It offers a spectrum of network-based managed care health benefit plans. In comparison, Clover Health Investments, Corp. (CLOV) in Franklin, Tenn., operates as a Medicare Advantage insurer. Through its Clover Assistant, the company provides preferred provider organization and health maintenance organization health plans for Medicare-eligible consumers.
The COVID-19 pandemic has highlighted the importance of healthcare plans. Furthermore, with an aging population, healthcare plans are in high demand. The healthcare plans industry is considered relatively stable in terms of performance, given the near-inelastic demand for healthcare plans, making it a favorite of investors during volatile markets. Furthermore, the advent of advanced smartphone apps and updated insurance schemes should contribute to the market's growth in the near future. Thus, both ANTM and CLOV should benefit.
