Insurer Bright Health raises $200 million to finance expansion
Launched in 2016,
"With our recently announced expansion, we will triple our geographic footprint in 2019," said
The company sells insurance that's focused on one health care system in a community, with the goal of letting the network of doctors and hospitals coordinate medical services for efficient, high-quality care. The company focused first in 2017 on the individual market in
Next year, the company is adding health insurance products for 2019 in
The individual market underwent sweeping change starting in 2014 with the ACA, which prohibits insurers from denying coverage to people with pre-existing health conditions. Whereas many large carriers pulled back in the market after financial losses, there have been roughly a dozen examples where carriers such as
Sheehy is a former executive with
Twitter: @chrissnowbeck
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