Bright Health to exit 6 states

Bright Health will no longer offer individual and group health plans after this year in Illinois, New Mexico, Oklahoma, South Carolina, Utah and Virginia.

The six states are forecasted to contribute less than 5 percent of its total 2022 revenue and will have little effect on revenues in the future, according to an April 14 press release.

The Minneapolis-based company said it will now focus on growth in markets "where it can deliver the greatest impact, drive differentiated value through its fully aligned care model and achieve operational excellence."

Bright Health members and providers will see no changes in 2022, and the payer says it will help transition affected individuals to new plans during the next open enrollment cycle to avoid coverage disruptions. Affected members will also receive discontinuation letters soon.

"We are always evaluating where we believe Bright Health Group is best positioned to enhance the health care experience for consumers and care partners in order to deliver the highest quality, affordable care," Bright Health Group President and CEO Mike Mikan said. "We've demonstrated that the fully aligned care model works and are focusing on markets where we can continue refining and optimizing that model to drive better outcomes and support profitable, measured growth."

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