Axios

As a committee of GOP senators formulates their health care bill they're keeping it hush hush — not holding hearings, not hosting drafting sessions, and not saying how it will differ from the bill the House passed last month — much to the chagrin of their Democratic counterparts, and even some Republicans are speaking out against the secrecy:

The Cleveland Clinic and Oscar Health Insurance have formed a new co-branded health plan that will sell coverage next year on and off the Affordable Care Act exchange in five counties in Ohio — where Anthem recently said it was leaving.

The details: Oscar, a startup that has lost a lot of money, and the academic medical center will split all profits and losses. People who buy the plan are buying a narrow network. They will have access to the Cleveland Clinic facilities and doctors and can use Oscar's technology to coordinate care. But if they venture outside the Cleveland Clinic system for nonemergency care, they will be on the hook for the costs.

Some business perspective: Cleveland Clinic has considered starting its own insurance company for years, but like other hospital systems that want to minimize the risk of offering health insurance, it chose a partnership instead.

One fun thing: One of Oscar's three co-founders is Josh Kushner — Jared's brother.

Omada Health has raised $50 million in a new funding round that was led by health insurer Cigna, the company said Wednesday. A handful of prior investors also participated, including Andreessen Horowitz and the venture capital arms of Humana, Kaiser Permanente and Providence Health & Services.

Why it matters: Omada has raised more than $125 million, attracting interest from some of the largest venture capital firms and health care companies. Those companies are betting Omada's technology — which provides online counseling and coaching to people who have chronic diseases, most notably diabetes — can lower health care costs.

Working in Omada's favor: The Centers for Disease Control and Prevention and Medicare both gave a stamp of approval for Omada's diabetes prevention program. Cigna, Humana and Kaiser all have large Medicare plans.