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The three biggest startup health plans posted more than $2 billion in losses last year, reports Becker’s Payer Issues. Bright Health Group Inc. reported a net loss of $1.4 billion in 2022, compared to a $1.2 billion loss a year prior. Oscar Health Inc. recorded a net loss of $606 million in 2022, compared to a net loss of $572 million in 2021. And startup insurer Clover Health posted a $339 million net loss in 2022, compared to a $588 million loss in 2021.
1. Hackers leak stolen data from Change Healthcare on dark web
2. UnitedHealth estimates $1.6 billion loss from Change cyberattack
3. UnitedHealth reports significant data breach; personal health info compromised
4. Ex-NBA player Will Bynum sentenced in insurance fraud scandal
5. Illinois House passes governor’s 'Healthcare Protection Act’
6. Analyst says Cigna, Humana share prices could put merger back on the table