3 Beaten-Down Insurtech Stocks That Could Bounce Back in 2022
This year, the stock market yanked the rug out from under a handful of new health insurance technology stocks. These insurtechs have been disappointing investors left and right this year because premium payments haven't been rising fast enough to offset soaring medical expenses.
Just below the surface, we can see the pandemic is responsible for rising medical expenses. Also, the companies haven't had enough time to employ their care-coordinating technology which is supposed to reduce expenses over time.
The reversion to the mean that these companies are expecting might already be underway. Here's how patient investors could come out miles ahead by stuffing these stocks into a diversified portfolio for the long term.
Source Fool.com