BHG - This Healthcare Benefits Company Is About to Shake the Ground With Its New Footprint
National healthcare expenditures are rising rapidly in the U.S., driven primarily by hospital, Medicare, and prescription drug costs. All told, this spending rose 4.6% in 2019 and is expected to grow 5.4% annually through 2028.
In an effort to curb costs, new companies are combining technology with services to offer consumers alternative health plans, including Medicare Advantage options. Bright Health Group (NYSE: BHG) is one of these companies and it has big plans for growth. In fact, its latest announcement of a larger footprint may be just enough to disrupt larger healthcare competitors.
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This Healthcare Benefits Company Is About to Shake the Ground With Its New Footprint