Datapoint: Molina to Acquire Remaining Bright Health Medicare Assets

Startup insurer Bright Health will sell its remaining Medicare Advantage assets to Molina Healthcare for an estimated $600 million, according to a June 30 press release. The California MA plans are Bright’s last remaining insurance assets as the struggling insurtech works to “satisfy its obligations to its bank lenders.” The company said it will put the remaining funds used toward “liabilities in its discontinued ACA insurance business.” Bright Health enrolls 124,776 MA and dual eligible members in California as of June 2023, to Molina’s 14,590.

Source: AIS’s Directory of Health Plans

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