STAT+: Bright Health Group heads toward insolvency as it rushes to raise more cash

A little more than a year after going public, Bright Health Group is in danger of going under.
Bright, a health insurance company that also owns physician offices, had $2 billion to fund operations as of June 30. Although executives are telling investors that Bright is “meaningfully closer to profitability in 2023,” the company admitted it could go belly-up by the end of the year if it doesn’t secure more cash. Continue to STAT+ to read the full story…