With the federal government extending enrollment for healthcare plans and expanding Medicare options, we think leading health insurers UnitedHealth Group (UNH) and Clover Health Investments (CLOV) are well positioned to grow their revenues significantly. But let’s find out which of these stocks is a better buy now.UnitedHealth Group Incorporated. (NYSE:UNH) and Clover Health Investments, Corp. (CLOV) are two U.S.-based diversified healthcare companies. While UNH provides consumer-oriented health benefit plans for national employers and individuals, CLOV offers preferred provider organization and health maintenance organization health plans for Medicare-eligible consumers.
A substantial increase in enrollments for government sponsored health insurance plans, coupled with the growing demand for Medicare Advantage and Medicaid supplemental plans, has created immense opportunities for the health insurance industry. Earlier this year, President Joe Biden signed a series of healthcare-related directives to restore the Affordable Care Act and Medicaid. This should lead to a higher demand for affordable and easily accessible health insurance plans from UNH and CLOV.
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