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Stock impact report

Insurance start-up launches on-demand health coverage [CNBC]

UnitedHealth Group Incorporated (DE) (UNH) 
Last unitedhealth group incorporated (de) earnings: 4/15 05:55 am Check Earnings Report
US:NYSE Investor Relations: unitedhealthgroup.com/investors.aspx
Company Research Source: CNBC
Technology has made on-demand services a reality for everything from food deliveries to gym classes and car-sharing. What if you could have on-demand health coverage for big-ticket procedures like knee surgery? On-demand health insurance seems like an oxymoron, but digital health insurance firm Bind is betting that by structuring health plans so that people can add coverage and pay for it when they need it, companies and employees can save money in the long run. “It’s not intuitive for people, but I think when we started this we thought, ‘how do people really use the health-care system?’ And we used it in an on-demand way,” explained Tony Miller, co-founder and CEO of Bind. The two-year old start-up is not a full-fledged insurer, it administers benefits for self-insured employers using UnitedHealth Group’s provider networks and data analytics. Using its own proprietary algorithms, powered by machine learning, Bind discovered that it could break out certain procedur Show less Read more
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