Prognosis
Obama Officials, Athenahealth Execs Launch Medicare Plan
- Andreessen Horowitz led $300 million series B funding round
- Devoted Health makes family doctors overall managers of care
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A group of former Obama White House officials and executives from health-technology company Athenahealth Inc. will begin selling private health insurance to U.S. senior citizens, backed by $360 million in venture capital funding.
The company, called Devoted Health, will sell Medicare Advantage plans in Florida and wants to expand its offerings nationally. The insurance plans are a private-sector alternative to traditional Medicare, subsidized by the government.