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Alignment Healthcare Inc. reported a $40.2 million loss in its third quarter as the startup provider of Medicare Advantage coverage spends money to expand coverage into new markets and grow enrollment, reports Forbes. Orange, California-based Alignment reported a total revenue increase of nearly 23% to $360.3 million compared to $293.5 million in the year-ago quarter as health plan enrollment continues to rise.
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2. Health systems consider dropping Medicare Advantage plans due to financial losses
3. UnitedHealth faces rising lawsuits following Change Healthcare cyberattack
4. MedPAC calls for 'major overhaul' of Medicare Advantage policies
5. Medicare to cover Novo Nordisk's weight-loss drug for heart patients