Health Plan Weekly

Insurtechs Continue to Show Progress in 3Q, Expect Growth in 2025

  • Nov 08

    Nov 08, 2024

    Alignment Healthcare, Inc., Clover Health Investments Corp. and Oscar Health, Inc., which are commonly referred to as “insurtechs” for their focus on technology, each recently posted solid third-quarter financial results, especially compared with previous years.  

    Ari Gottlieb, principal of health care consulting firm A2 Strategies and a longtime critic of some of the insurtechs, tells AIS Health that Alignment “has been a well-run business” for some time. He adds that Oscar and Clover “have turned into much better-run businesses” thanks to leadership changes and a narrower focus on where they compete in the market. Oscar last year hired industry veteran Mark Bertolini as CEO, while Clover last year promoted technology executive Andrew Toy to CEO.  

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    • Tim Casey

    Tim has been a reporter and editor for newspapers, websites and magazines for more than 20 years, including 10 years covering health care business topics. He has a deep knowledge of the managed care industry and pharmacy benefit management. He also has experience covering medical conferences and clinical and legislative health care issues. In 2014, the Society for Advancing Business Editing and Writing selected Tim as one of 15 journalists to participate in a national symposium on the Affordable Care Act. Tim has a B.A. in Psychology from the University of Notre Dame and an M.B.A. from Georgetown University.

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