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Dive Brief:
- Less than a month after fully exiting the Affordable Care Act exchanges and slashing its Medicare Advantage footprint to just Florida and California, Bright Health Group has announced it’s also ending MA operations in Florida.
- As a result, the insurtech will only operate MA plans in California starting in 2023, CFO Cathy Smith told investors on a third-quarter earnings call Wednesday.
- Implementing restructuring plans to a more focused business model should result in Bright’s MA and NeueHealth businesses being well positioned for 2023, management argued on the call. Bright expects adjusted EBITDA to…
