Jun 1, 2017

ACA health insurer gets another $160 million

Bright Health co-founders

Bright Health, a startup health insurance company that only sells Affordable Care Act plans in the individual market, has raised $160 million in a new round of venture capital funding.

New investors: Greenspring Associates, Greycroft Partners, Redpoint Ventures and Cross Creek Advisors. Bright Health's original investors — New Enterprise Associates, Bessemer Venture Partners and Flare Capital Partners — also joined the funding round.

What to watch for: Bright Health has raised $240 million in venture capital since its founding last year, and the company will expand its ACA footprint and offer Medicare Advantage plans in 2018. Bright Health, led by former UnitedHealthcare CEO Bob Sheehy, just started selling ACA plans this year, and only in Colorado. The plans include only one in-network system of hospitals and doctors, called Centura Health, and future plans in other states will feature a similar narrow network.

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World coronavirus updates: Confirmed cases top 1.2 million

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens and confirmed plus presumptive cases from the CDC

The number of novel coronavirus cases surpassed 1.2 million worldwide Saturday night, as Spain overtook Italy as the country with the most infections outside the U.S.

The big picture: About half the planet's population is now on lockdown and the global death toll was nearing 64,800, by Sunday morning, per Johns Hopkins data.

Go deeperArrowUpdated 53 mins ago - Health

U.S. coronavirus updates: Death toll surpasses 8,500

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

Recorded deaths from the novel coronavirus surpassed 8,500 in the U.S. early Sunday, per Johns Hopkins data. The death toll in the U.S. has risen over 1,000 every day for the past four days, since April 1.

The big picture: President Trump said Saturday America's is facing its "toughest" time "between this week and next week." Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said U.S. deaths are expected to continue to rise during this period.

Go deeperArrowUpdated 1 hour ago - Health