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Is UnitedHealth Group (UNH) the best shares for health insurance to buy now?

    We recently put together a list of the Top 10 Health insurance shares to buy. In this article we will take a look at where UnitedHealth Group Incorporated (NYSE: UNH) stands against the other shares of health insurance.

    The health insurance sector is constantly changing, driven by a movement into health care driven by consumers, in which people actively control their own health and health care costs. In that sense, Fortune Business Insights projects that the Global Healthcare Insurance Market is estimated at $ 2.14 trillion in 2024 and will grow from $ 2.32 trillion in 2025 to around $ 4.45 trillion in 2032, which reflects a CAGR of 9.7%.

    According to McKinsey, health insurers can benefit considerably when fully incorporating AI and automation in their business activities. The company believes that for every turnover of $ 10 billion, insurers can save $ 150 million to $ 300 million in administrative costs and $ 380 million to $ 970 million in medical costs. Moreover, these technologies can yield an extra $ 260 million to $ 1.24 billion in income.

    That said, concern about the growing role of AI in the health insurance, in particular on claims, have been escalated in recent months, especially in the light of the death of the CEO of the Unitedhealthcare, Brian Thompson. These concerns had previously encouraged the BIDEN administration to set up optional operational agreements with insurers, payers and providers in 2023. In 2024, an executive order was issued to make criteria and guarantees for AI implementation. In January of this year, however, the Trump government withdrew the AI ​​mandate of Biden and suggested that a new action plan would be developed in the middle of the year.

    Respond to the increasing implementation of AI in health insurance, said law firm Maynard Nexsen:

    “The AI ​​landscape continues to develop and the regulations seem to be separate – at least at the federal level. These changes have led to uncertainty among organizations that use AI technology. “

    Medicaid, the largest health insurance program in the country, which covers more than 70 million people, can be cut under Republican proposals. In the following decade, the legislators propose cutbacks for a maximum of $ 2.3 trillion to finance the border protection of the border and to increase the tax cuts of President Trump 2017. While the government works to reduce federal debts while retaining spending obligations, Medicaid remains an important priority. In order to further expand the implications of such a movement, it should be noted that the Affordable Care Act (ACA) has considerably expanded the reach and costs of the program, making it the most important provider of extensive health and long-term care for one in five Americans and about $ 1 of each $ 5 spent healthcare.