This year's surprising exit of Bright Health on the Marketplace leaves $4 billion in ACA revenue up for grabs for brand name giants including UnitedHealthcare, Centene, Cigna, and CVS, but it's some lesser known short-term plans and Healthcare Sharing Ministries that are also gaining consumer attention with deceptive marketing touting...Arizona News
In Arizona, Bright Health is one of eight insurers competing for business on the ACA Marketplace and covers about 1,200 Medicare Advantage lives in the state.
Bright Health said its exit from individual markets in Illinois, New Mexico, Oklahoma, South Carolina, Utah and Virginia accounts for less than 5% of its revenue.
The Affordable Care Act (ACA) requires insurers planning to significantly increase plan premiums submit their rates for review but Blue Cross Blue Shield of Arizona, Bright Health, Oscar Health and UnitedHealthcare rate changes for the individual market went the other direction.
2022 Individual Market Rate Change Filings