Wednesday, April 6, 2022

Bright Health shares plunge on pandemic-fueled quarterly loss

Bright Health Group saw surprisingly high medical costs during the third quarter as a surge of COVID-19 patients drove more health care expenses and complicated the company's risk adjustment scoring — a complex calculation that can have a significant impact on premium revenue. As a result, the Bloomington-based health insurer reported Thursday a quarterly loss was significantly greater than expected.

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