Bright Health will use proceeds from its IPO to fund the expansion, which will bring its total number of markets to 141 from 99. The company will also expand its product portfolio in states where it already operates.
The insurtech company, which went public in March, is planning to expand to 16 new markets across Nevada, North Carolina and Arizona next year. It will also add new plan options to its portfolio, including a virtual-first PPO.
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