An executive at one of the oldest Web-based health insurance brokers, eHealth Inc., says the U.S. individual major medical market is still broken,
Scott Flanders, the company’s chief executive officer, gave that assessment Thursday, during a conference call with securities analysts that was streamed live on the web.
Given how poorly the individual market is functioning, “we continue to believe that 2017 will be a tough year for our individual and family plans in terms of revenues,” Flanders said.
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EHealth is hoping to rebuild the business next year, Flanders said.
EHealth held the call to go over poor second-quarter earnings.
The Mountain View, California-based company is reporting a $17 million net loss for the quarter on $28 million in revenue, compared with a $476,000 net loss on $37 million in revenue for the second quarter of 2016.