Alignment Healthcare posts $40 million loss in third quarter

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.