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.
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