In main retreat, Vivid Well being halts particular person medical insurance protection

Vivid Well being Group will finish particular person and household medical insurance protection and cut back its Medicare Benefit protection to only two states, steps that may reduce its income in half.

The strikes, introduced final week, signify a dramatic retreat for the Bloomington, Minnesota-based firm that constructed a nationwide presence in simply 5 years.

After attracting billions of {dollars} in funding capital, Vivid Well being’s quick progress created the necessity to meet larger regulatory reserve necessities. Coupled with pandemic-related payouts, the corporate reported enormous monetary losses. Executives mentioned the restructuring would ease these pressures and produce stability.

“We’d anticipate

Read More