Nasdaq September 2, 2021
National healthcare expenditures are rising rapidly in the U.S., driven primarily by hospital, Medicare, and prescription drug costs. All told, this spending rose 4.6% in 2019 and is expected to grow 5.4% annually through 2028.
In an effort to curb costs, new companies are combining technology with services to offer consumers alternative health plans, including Medicare Advantage options. Bright Health Group (NYSE: BHG) is one of these companies and it has big plans for growth. In fact, its latest announcement of a larger footprint may be just enough to disrupt larger healthcare competitors.
Setting the stage
At the helm of Bright Health is co-founder and CEO Bob Sheehy, who before starting the company was CEO of UnitedHealth Group for 20...
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