Problem:
Hello Class, Artificial intelligence (AI) is changing health insurance by improving cost efficiency, quality of service and access. Technology, specifically AI decreases administrative and operational costs by automating tasks such as claims processing and underwriting. This automation leads to quicker, more accurate informed decision-making. Additionally, AI enhances service quality through personalized recommendations and real-time help, improving patient satisfaction. By leveraging data analytics, insurers can better understand patient needs and risks, expanding access to tailored plans, especially for underserved communities. Overall, AI adoption promotes a more efficient, responsive and inclusive health insurance system (Amaresh,2022). References: Amaresh, K. (2022, May 17). How AI adoption can impact the insurance industry. Forbes. Need Assignment Help?