fashion -WSS

fashion

author：entertainment 2025-09-28 23:31:50 - browse：561

Devoted Health sign -- health policy coverage from STAT — Courtesy Devoted Health

Devoted Health has been one of the most prominent health insurance and provider startups of the past decade — founded and overseen by several alumni of former President Barack Obama’s administration.

But it has not turned a profit after five years of selling Medicare Advantage plans to older adults, according to a STAT analysis of Devoted’s financial filings. And Devoted isn’t sharing many details about its progress, either.

Health insurance companies take a while to reach profitability because they need to enroll a lot of people, which then allows them to spread medical costs across a bigger pool. But Devoted’s persistent losses raise questions if it, too, will follow the paths of other younger, troubled insurance startups — like Alignment Healthcare, Bright Health, Clover Health, and Oscar Health — that have promised better care while collectively burning through billions of dollars. Most of those other companies have exited or scaled back their participation in various insurance programs, upending the health coverage of millions of people.

Get unlimited access to award-winning journalism and exclusive events.

Subscribe Log In

Previous article： Apple is now the first public company to be valued at $3 trillion
Next article： Akero's treatment for NASH falls short in cirrhosis study

knowledge

WSS

STAT Readout: Today's biotech news includes Sana and Amylyx

Nick Jonas talks about managing diabetes along with his career

Flagship Pioneering startup Sonata Therapeutics lays off 21

Humana CEO Bruce Broussard to step down in 2024

Flagship Pioneering startup Sonata Therapeutics lays off 21

Weight loss drugs aren’t covered by Obamacare. That may change

hotspot

fashion

hotspot

Heart attack and stroke risk calculators need revising

A new drug could help frostbite victims avoid its ravages

Alkermes shareholders re

Readout Newsletter: Sarepta, Alnylam, and Royalty Pharma

Medical records are filled with copy

A fraught question for the kids of Alzheimer’s: Is it coming for us?

Medicare proposal to cover medical devices draws a mixed reaction

How should state employee insurance handle Wegovy?

How to save PrEP access — and even expand it

In 'major milestone,' FDA approves first cell therapy for solid tumors

hotspot

Better Therapeutics data on benefit with GLP

New CMS data security rules will hurt Medicare, Medicaid research

Eight reasons why you should get an updated Covid vaccine

WATCH: Why do our ears pop?

Researchers tackle phage therapy hurdles for wider adoption

Congress may force more Covid

Wikipedia

knowledge

explore

hotspot