Bright Health Group said Tuesday it will no longer offer individual and family health insurance plans or Medicare Advantage plans outside of California and Florida in 2023, eliminating options for patients in nine states.
The affected states are Alabama, Arizona, Colorado, Florida, Georgia, Nebraska, North Carolina, Texas and Tennessee. Bright Health, which in April announced plans to exit six other markets, said the move will reduce costs and free up about $250 million after settling medical liabilities. The insurtech company has sought to exit expensive markets as the COVID-19 pandemic drove up medical costs for members gained during the special enrollment period.
