While many were founded to offer coverage on the exchanges,
health insurance startups are starting to see the public sector, particularly
Medicare Advantage, as a stable source of enrollment and premiums. One of the
largest players in the startup game, Oscar Health, plans to enter the MA market
in 2020, following a round of funding from Google parent Alphabet. Relative
newcomer Bright Health will begin offering MA plans in three new states in
2019, with plans to triple its current presence, according to a July 11 press
release from the insurer. See the table below for an overview of startup
insurers already in the market.
*Oscar Health plans to enter the Medicare Advantage market in
2020.
SOURCE: AIS's Directory of Health Plans.
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