2 Top Health Insurance Stocks to Buy in June
The ongoing COVID-19 pandemic is wreaking havoc on American hospitals. In the past few months, the number of outpatient surgeries decreased by 70% year over year, while patient admissions decreased by 30% to 50% compared to 2019. Each month, U.S. hospitals are operating at an estimated combined $50 billion loss.
While hospitals have suffered dramatically, health insurers have been nothing short of profiting during the pandemic. The large numbers of canceled elective procedures mean health insurers are still collecting premiums while paying out much less in claims, which far outweighs the effects of treating COVID-19 and loss of coverage. Let's look at two health insurance stocks that are the perfect hedge for investors who are anxious about the effects of the COVID-19 pandemic.
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Source Fool.com