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Florida has been supervising Bright Health Group Inc.’s operations in the state since last fall and plans to continue until at least May 1, Becker’s Payer Issues reports. Under a supervision order extension filed March 1 by Florida's insurance office, Minneapolis-based Bright is not allowed to spend more than $10,000 on anything without the state's approval and it has to pay for an on-site state employee who has "complete and unrestricted" access to the insurtech's financial records, bank accounts, and physical assets. In 2022, the company reported a net loss of $1.4 billion and ended most of its insurance business by exiting the ACA market and Medicare Advantage outside of California.