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Bright Health scales back Medicare Advantage and ACA plans

Posted On: Oct. 12, 2022 10:11 AM CST

Starting next year, Bright Health Group Inc. will no longer offer Medicare Advantage plans outside of California and Florida as the insurer chases profitability following recent losses, Healthcare Dive reports. The insurer will also no longer offer individual and family plan products through its Bright HealthCare segment. The company said it expects to reach profitability on an adjusted EBITDA basis in 2023 due to the overhaul.