Bright Health

Bright Health, like Oscar Health and a couple of others, was going to be a new kind of health plan.  The company has raised zillions of dollars and even after a disastrous IPO, has raised more money now from investors including Cigna Health, which is bottom fishing.  They clearly are hoping Cigna will eventually take them out of their misery.  The reason they have to raise all this money is they keep spending it fruitlessly and not making anything like a profit.  The notion that these guys can seriously compete with the UnitedHealth's of the world is absurd.  People who have a lot of money to invest are not always smart.