Flying back from Chile this week I was struck by the head-shaking beauty of the country, as well as the commitment to innovation and the steps Chileans are taking to diversify the economy.
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In my initial post on Bright Health’s launch, I thought it was interesting for the CEO and co-founder of a startup to have once led what’s now the largest insurance business in the country. But in a phone interview with Bob Sheehy, he noted that before he led UnitedHealthcare, he was once an entrepreneur.
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New health insurance startup Bright Health today announced it has secured $80 million in Series A funding led by Bessemer Venture Partners and New Enterprise Associates (NEA), with participation by Flare Capital Partners and others. Bright Health will use the funding to support its nationwide rollout to the individual health insurance marketplace.
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Venture capitalists are investing $80 million to launch Bright Health Inc., a health-insurance startup led by the former chief executive of UnitedHealthcare that seeks to improve care, lower costs and provide personalized services to consumers.
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Bob Sheehy, the former CEO of CEO of United Healthcare (UNH, +0.02%), is back with a new startup called Bright Health. Not too much is yet known about the stealthy Minneapolis-based company, except that it will provide a "consumer-focused health plan."
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