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Struggling startup insurer Bright Health last week said it will exit the Affordable Care Act exchange markets
entirely for the 2023 plan year, and cut back its Medicare Advantage presence
to just two states — California and Florida. The company said it will focus
instead on its value-based care delivery business to ensure profitability in
2023. “The changes announced today give Bright Health a strong and stable
platform for profitable growth at much lower risk,” CEO Mike Mikan said in a
press release. “This is one more strategic step to building a differentiated
and profitable business at scale.” Bright Health currently serves 944,705
exchange members across 15 states. |
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