The Insurance "Disruption bets" taking off!
Clover Health is trying to use data to upend traditional health insurance. Sequoia Capital, the early backer of companies like Google and Amazon, said Wednesday that it is putting $35 million into a upstart health insurance company, Clover Health. Clover is trying to use data analysis and preventative care to improve healthcare for seniors and to give customers who use private versions of Medicare a cheaper option. The company’s technology is supposed to recognize when patients need medical treatment and then intervene in their care to save money for both the patient and the insurance company.