Friday Health Plans

Friday Health Plans’ attractively low premiums turned into a catastrophic financial collapse, failing to pay over $150 million in provider claims and leading to receivership in at least six states. This left 80,000+ members abruptly losing coverage mid-year, a failure rate that outpaces #10 Oscar Health’s narrow network complaints. Unlike the average insurer that maintains solvency for at least five years, Friday Health Plans imploded within three, exposing 95% of its members to unpaid medical bills and emergency policy cancellations.