Should You Buy Clover Health Stock?
Clover Health Investments (NASDAQ: CLOV) recently made its public debut after merging with one of former Facebook executive Chamath Palihapitiya's SPACs (special purpose acquisition companies). Of the four companies Palihapitiya has targeted so far -- the other three are Virgin Galactic, Opendoor Technologies, and SoFi, soon to merge with SPAC Social Capital Hedosophia Holdings V -- Clover gets me the most excited. Here's why.
Statistics show that most Americans think the healthcare system is "broken". Between high and still-rising costs and a shrinking number of choices in care options, the state of U.S. healthcare hasn't been in a great place for decades. Enter Clover, a "next-gen Medicare Advantage" company -- that is, a private insurance option for those on Medicare.
But why disrupt healthcare via an insurance offering? After all, Clover isn't alone in its mission to overhaul the health system status quo. Other firms like Teladoc Health and Amwell are using remote care, video conferencing, and data technology to reshape the way patients obtain health help.
Source Fool.com
