Medicare Advantage enrollment 2020: Oscar, Bright, Devoted, Clover - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

VC-backed startups are all competing for customers in the red-hot Medicare Advantage market. Here's our first look at how Oscar, Devoted, and Bright stack up.

In total, the venture-backed startups have raised $3.6 billion, while private-equity-backed Alignment has raised Here's a look at the number of members the startups have going into 2020. They suggest the footholds are growing and give a sense of the financial results the companies can expect from the market in 2020. The government pays insurers roughly $10,000 a year to finance care for each Medicare Advantage member.

For Alignment, the numbers only cover members in California and don't include work Alignment does with other health insurers.In North Carolina, Alignment is working with FirstCarolinaCare, a health insurer that's part of the FirstHealth of the Carolinas healthcare network, and Humana. In Florida, it's working with Florida Blue. In these instances, the insurers are the ones running the plans and receiving payments from the federal government.

Devoted Health had 16,100 members going into January 2020 in Florida and Texas, according to a source close to the company, for its second year offering health plans to seniors. It's a dramatic increase from the 2,114 members the company had signed on by January 2019, its first year offering plans.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Analyzing Tik Tok user growth and usage patterns in 2020 - Business Insider[NEW REPORT] Marketing on TikTok: eMarketer discusses the growth of TikTok around the world and what marketers should know about the short-video app
Source: BusinessInsider - 🏆 729. / 51 Read more »

Sony World Photography Awards 2020 Professional shortlisted images - Business InsiderFrom an otherworldly pink lake in Ukraine to a bushfire raging across Australia, these photos capture the lightest and darkest moments of 2019.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Netflix's top 54 power-player execs of 2020 in exclusive org chart - Business InsiderBusiness Insider spoke with current and former employees, and industry experts, to identify the Netflix executives with the most influence.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The best Delta credit cards to open in 2020 - Business InsiderUntil April 1, these cards are offering elevated welcome bonuses of up to 100,000 Delta miles
Source: BusinessInsider - 🏆 729. / 51 Read more »