Business Insider April 28, 2023
- Health insurance upstart Bright Health is exploring a sale of its remaining insurance business.
- Bright’s looking to sell its California Medicare Advantage business as it tries to stay solvent.
- The company said it intends to focus on growing its care-delivery business.
Bright Health once had big plans to disrupt the way Americans get their health insurance.
Now, it’s exploring a sale of its California Medicare Advantage business — its only foot left in the health insurance world. It’s happening at a time when it’s also winding down its business providing health insurance to people on the Affordable Care Act (ACA) exchanges. If a sale goes through, Bright would no longer be a health insurer.
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