eHealthInsurance

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eHealth, Inc.
RevenueIncrease $251 million (2018)
Decrease $1 million (2018)
Total assetsIncrease $439 million (2018)
Total equityIncrease $303 million (2018)
Number of employees
1,079 (2018)
Websiteehealthinsurance.com
www.medicare.com
gomedigap.com
planprescriber.com
ehealthmedicare.com
Footnotes / references
[1]

eHealth, Inc. dba eHealthInsurance is a private

District of Columbia
from 170 health insurance carriers. Its large staff of licensed agents assist consumers with little or no computer experience with their online enrollments.

The company has a corporate office in

Indianapolis, Indiana
.

History

eHealth, Inc. was founded in 1997.[1]

In 2006, the company became a public company via an initial public offering.[3]

In 2010, eHealth acquired PlanPrescriber, Inc. for $28.7 million in cash. PlanPrescriber provides tools to help people choose the right Medicare plan.[4][5]

In 2013, eHealth, along with other "web brokers", signed deals with

Patient Protection and Affordable Care Act.[6]

In 2014, eHealth acquired the Medicare.com domain name for $4.8 million.[7]

In March 2015, the company announced 72 layoffs, with plans to lay off 160 people.[8]

In May 2016, the company appointed Scott Flanders, a director of the company since 2008, as CEO. Former CEO Gary Lauer continued in an advisory role through the end of 2016.[9]

In August 2016, eHealth announced that it had insured 5 million people.[10]

In 2017, the company said it rejected takeover offers.[11]

In 2018, eHealth acquired GoMedigap, a consumer acquisition and engagement electronic platform tailored to Medigap insurance.[12]

In 2019 eHealth announced the development of an Eastern Headquarters in

Indianapolis, Indiana.[13]

In March 2020, eHealth announced its follow-on public offering of 1,800,000 shares, priced at $115/share, of its common stock, designed to raise an additional $207M. Three days later they announced the closing of the offering, with the 275,000 share option also having been exercised, raising a net proceeds of approximately $227.5 million after deducting underwriting discounts and commissions and the estimated expenses of the offering.[14][15]

In November 2021, eHealth appointed Fran Soistman as CEO. Former CEO Scott Flanders continued in an advisory role through the end of 2021. [16]

Political involvement

In 2013, eHealth's former CEO, Gary Lauer encouraged governors that are planning to create their own online healthcare marketplaces to adopt a cost-free enrollment strategy.[17]

In 2015, eHealth's former CEO, Gary Lauer advocated reforms to help the middle-class afford health insurance.[18]

In 2017, eHealth CEO Scott Flanders argued publicly for changes to the Affordable Care Act in order to lower costs for self-employed, middle-class workers who cannot afford health insurance.[19]

References

  1. ^ a b c "eHealth, Inc. 2018 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^ Applyby, Julie (September 4, 2009). "Health Care: Lowering costs for old could raise them for young". USA Today.
  3. Marketwatch
    .
  4. ^ "eHealth, Inc. Announces Acquisition of PlanPrescriber, Inc" (Press release). eHealth. May 3, 2010.
  5. ^ CONN, JOSEPH (May 5, 2010). "eHealth acquires PlanPrescriber for $28.7 million". Modern Healthcare.
  6. ^ Mangin, Dan (July 31, 2013). "Insurance exchange deal signed with Web insurer sites". CNBC.
  7. ^ BERKENS, MICHAEL (May 2, 2014). "Publicly Held eHealth Purchases Medicare.com For $4.8 Million". The Domains.
  8. ^ Robertson, Kathy (March 19, 2015). "Online insurance company eHealth lays off 72 in Gold River". American City Business Journals.
  9. ^ "eHealth Appoints Scott Flanders as Chief Executive Officer" (Press release). eHealth. May 31, 2016.
  10. ^ "eHealth Milestone: Over 5 Million Americans have been insured through the nation's first & largest private online health insurance exchange" (Press release). eHealth. August 8, 2016.
  11. ^ Bell, Allison (March 27, 2017). "Web-based health broker to stay independent, for now". ThinkProgress.
  12. ^ "eHealth, Inc. Announces Acquisition of GoMedigap to Further Accelerate Expansion of Medicare Supplement Strategy" (Press release). Business Wire. January 16, 2018.
  13. ^ "eHealth Announces the Opening of New Eastern Headquarters in Indianapolis, Indiana". eHealth Newsroom. Retrieved 2021-03-18.
  14. ^ "eHealth, Inc. Prices Follow-On Offering of Common Stock | eHealth, Inc". ir.ehealthinsurance.com. Retrieved 2021-03-18.
  15. ^ "eHealth, Inc. Announces Closing of Public Offering of Common Stock and Full Exercise of the Underwriters' Option to Purchase Additional Shares | eHealth, Inc". ir.ehealthinsurance.com. Retrieved 2021-03-18.
  16. ^ "eHealth Announces Leadership Transition" (Press release). eHealth. September 23, 2021.
  17. ^ "eHealth CEO Gary Lauer Challenges Governors: If Uncle Sam Offers Cost-Free Enrollment Using Private Online Health Care Marketplaces, Then Why Not the States?" (Press release). eHealth. May 14, 2013.
  18. ^ Lauer, Gary (November 18, 2015). "Presidential candidates should pledge to make Obamacare affordable for the middle-class". The Hill.
  19. ^ "EHealth CEO: Obamacare didn't start with the consumer in mind". Fox Business. February 17, 2017.

External links

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