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.
Image source: Getty Images.
For further details see:
This Healthcare Benefits Company Is About to Shake the Ground With Its New Footprint