Here's a look at how companies such as Oscar Health, Bright Health, and Clover Health fared in 2018 — and what's ahead in 2019.
in a round led by Andreessen Horowitz ahead of launching its first Medicare Advantage plans in Florida in 2019. Bright Health, a Minneapolis startup that provides individual and Medicare Advantage plans, in November raised $200 million as it expands into more US markets. AndBusiness Insider looked through regulatory filings to get a sense of how the startups — particularly Oscar, Clover, and Bright — performed in 2018.
About a third of people on Medicare are enrolled in private Medicare Advantage health plans. People can typically choose to enroll in Traditional Medicare or Medicare Advantage plans when they turn 65. Either way, their health needs are largely funded by the US government. Medicare Advantage works much like private insurance does for those under 65. It's designed to allow people to shop around and choose from different plans, which may restrict which doctors and hospitals they can use. The US government, in turn, pays the insurers a certain amount for each person covered, creating an incentive for the insurer to try to keep that person healthy and out of the hospital.
"Medicare Advantage is today the simplest way to align financial incentives across the various parties in the system," Bryan Roberts, a Venrock partner who's a Devoted investor and board member,."Therefore, you can drive better efficiency in the healthcare system." Oscar got its start offering plans on the individual exchanges set up under the Affordable Care Act. It's offered plans to individuals as well as small employers. Bright in 2017 also got its start offering individual plans. As of 2017, there were about 15.2 million members enrolled through the individual market, according
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Carlyle takes step forward on $1 billion U.S. oil-export projectA proposed $1 billion deepwater oil-export project moved ahead on Thursday with ...
और पढो »
Rideshare giant Lyft went public today — and major investor GM could rake in $1.3BGM was originally seen as hedging its bets when it made its Lyft investment, teaming up with a company that could wind up buying millions of its vehicles in the years ahead.
और पढो »
Report: The Department Of Education Has Spent $1 Billion On Charter School Waste And FraudWe are long past the point of charter schools being an experiment that needs boundless freedom to try anything. We can see now what some of the effects of the experiment are--waste and fraud.
और पढो »
This Georgia teen was accepted to over 50 colleges, awarded more than $1 million in scholarshipsAt a time when a massive college admissions scandal is causing many to lose faith in the idea that hard work gets you ahead, a Georgia teen who was accepted into more than 50 schools and awarded over $1 million in scholarship funding is spreading hope for some people. Baker, the valedictorian of her
और पढो »
ON Semiconductor to acquire Quantenna for just over $1 billionON Semiconductor Corp. said late Wednesday it was acquiring wifi tech company Quantenna Communications Inc. for just north of $1 billion in cash, or $24.50 a...
और पढो »
China's ZTE Corp lost $1 billion in 2018, despite last quarter reboundChina's ZTE Corp made a net profit of 276 million yuan in the fourth-quarte...
और पढो »
Suze Orman wants you to stop ‘peeing $1 million down the drain’Worried about retirement? Make your own damn coffee. According to financial celeb Suze Orman, perhaps the only thing standing millennial caffeine addicts and...
और पढो »
The Centers for Medicare and Medicaid Services is launching a challenge for AI developers to predict unplanned hospitalizations — and the winner gets a $1 million awardCMS launched a new challenge that pits AI developers against each other to create algorithms that can best predict unplanned hospitalizations.
और पढो »
2020 hopeful Klobuchar touts $1 trillion infrastructure plan
और पढो »