Fierce Healthcare January 8, 2024
The top brass at Alignment Health expects the company to turn a profit this year in part because it now offers Medicare Advantage plans in Merced County, Calif., a move made on Jan. 1 that increased the insurtech’s membership by 44%, to about 155,000 enrollees.
If that happens, Alignment would be the first MA-focused insurtech to turn a profit, according to Ari Gottlieb, principal at A2 Strategy Group and a nationally known expert on the insurtech industry.
“This reflects Alignment’s continued solid growth and progress toward building a profitable MA plan,” Gottlieb told Fierce Healthcare in an email. “The company is building on its successful legacy in California and entering new markets and has figured out how to do...
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