Paul Nezi wants to salvage the high deductible, low premium approach to health care.
Lost in the politics of a local health insurance firm’s decision to exit the insurance market is the fate of the small businesses who offered the company’s insurer’s plans to its employees.
The financial records of nHealth, the Richmond-based startup health insurer that said last week it was shutting down as a result of federal healthcare reform, show it was losing millions in its first year and a half of existence.
The hotly debated healthcare reform bill signed into law in March has killed a local insurance company, and one that had raised more than $10 million from mostly local investors.
Paul Kitchen, CEO at a new health insurance startup, says costs can be better contained when consumers approach their health care bills the same way as other purchases, and reap the rewards of living healthier lifestyles.
A Richmond startup thinks there’s a market for treating health care more like car repairs – encouraging employees to pay out-of-pocket for routine tune-ups and letting insurance cover the accidents and emergencies. Hoping to implement this style of health care on a broader scale, nHealth recently raised $12 million, with most of that money coming… Read more »