Google sister-company Verily is plotting a move into a fast-growing corner of the health insurance industry

CNBC February 27, 2018
Christina Farr

• Verily’s new hires and partnerships point to a move into health insurance.
• The company is looking to take on risk for patient populations and sharing in the upside if it can bring down health-care costs, sources tell CNBC.
• The opportunity is currently in the tens of billions, with the potential to grow into a trillion dollar market.

Alphabet‘s health-care unit Verily is moving ahead with plans in the insurance sector with new hires and partnerships.

Three people familiar with the company’s plans say Verily, the group formerly known as Google Life Sciences, has been in talks with insurers about jointly bidding for contracts that would involve taking on risk for hundreds of thousands of patients.

In 2016, it...

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