How UnitedHealth is competing against venture-backed startups and insurance giants in the hottest part of healthcare
Medicare Advantage is a lucrative and growing business, so startups and established insurers are vying for a piece of it. Startups Oscar Health, Devoted Health, Bright Health, and Clover Health have raised a combined $3 billion to use technology to build new kinds of health-insurance plans, and all are going after Medicare Advantage. Plus, insurers like Centene and Humana are battling for members, too.
"We're obsessed with the competition." he told Business Insider. "As we look at the next 10 years, we certainly don't see this thing becoming any less competitive." The companies are betting better technology and customer service, and more focused networks of doctors can help them provide better care to their members.
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