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December 09, 2015 at 11:11 AM
A health care sales and administration technology systems veteran is part of a group that says it’s trying to set up a new health insurance company.
See also: Witness: New insurers shun U.S. commercial health market
Representatives for the company, Melody Health Insurance, say it has raised $2 million, by selling stock to private investors, for an effort to sell “value-priced health insurance” to individual consumers throughout the United States. The investors have the option to invest another $1.8 million in 90 days, according to a company press release distributed through Business Wire.
At press time, the company had set up a simple placeholder website at www.MelodyHealthInsurance.com, and it had a Twitter feed, at @MelodyHealth, with one tweet and nine followers.
Melody Health would like to complete the filing and licensing procedures necessary to sell coverage in select states for 2017, the company says.
