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Todd Park has co-founded a new Medicare Advantage company. Photo: J. Scott Applewhite / AP

Devoted Health, a new insurance company that will only sell Medicare Advantage plans, just raised $62 million, according to a financial filing. The startup, which raised another $7 million in a seed round, will start selling Medicare Advantage plans in 2019.

Big names are backing Devoted Health: former Health and Human Services Secretary Kathleen Sebelius and former Senate Majority Leader Bill Frist are on the board. Todd and Ed Park, brothers who both worked at electronic health record company Athenahealth, are the co-founders and recruited Venrock's Bob Kocher to be the company's chief medical officer.

Get smart: Medicare Advantage is where the big money is. The Affordable Care Act marketplaces grab a lot of headlines, but they are a blip on the radar when compared with the massive amount of dollars tied up in private Medicare plans.

Go deeper

Why migrants are fleeing their homes for the U.S.

Illustration: Eniola Odetunde/Axios Photo: Herika Martinez /Getty Images 

Natural disasters in Central America, economic devastation, gang wars, political oppression, and a new administration are all driving the sharp rise in U.S.-Mexico border crossings — a budding crisis for President Biden.

Why it matters: Migration flows are complex and quickly politicized. Biden's policies are likely sending signals that are encouraging the surge — but that's only a small reason it's happening.

Cities' pandemic struggle to balance homelessness and public safety

Illustration: Sarah Grillo/Axios

Addressing homelessness has taken on new urgency in cities across the country over the past year, as officials grapple with a growing unhoused population and the need to preserve public safety during the coronavirus pandemic.

Why it matters: It’s led to tension when cities move in to clear encampments — often for health and safety reasons — causing some to rethink the role of law enforcement when interacting with people experiencing homelessness.

Biden to sign voting rights order to mark "Bloody Sunday" anniversary

President Biden will sign an executive order today, on the 56th anniversary of "Bloody Sunday," meant to promote voting rights, according to an administration official.

Why it matters: The executive order comes as Democrats face an uphill battle to pass a sweeping election bill meant, in part, to combat a growing number of proposals introduced by Republicans at the state level that would restrict voter access.