CEOs of both Oscar Health and Bright Health said during earnings calls that their companies are drawing back on their Medicare Advantage business, Healthcare Finance reports. Bright Health Group’s president and CEO Mike Mikan said Wednesday that the company is leaving the Affordable Care Act market and the MA market in all but California. Oscar Health is leaving the MA market, at least for now, to focus on ACA plans.
Oscar has exited its organic MA business in New York and in Texas, said CEO and founder Mario Schlosser.
The long-term sustainability of the marketplace is evidenced by what looks to be record-high membership and the return of many traditional players for this open enrollment. Read more.
