Nov. 11 (Bloomberg) -- HealthCare.com, a company that provides an online market for insurance, is raising $7.5 million in funding to expand its services -- just as the government’s healthcare.gov begins its second year of enrolling patients under Obamacare. Backers of the closely held site include Jeffrey Boyd, chairman of Priceline Group, and Robert Mylod, that company’s former vice chairman. Priceline is the owner of travel sites like priceline.com and Kayak. HealthCare.com, founded in 2006, will be able to capitalize on demand for clear information as consumers move from employer- sponsored insurance plans to coverage under the Patient Protection and Affordable Care Act, Boyd said in a statement. The government’s Centers for Medicare and Medicaid Services opened healthcare.gov for “window shopping” last weekend, letting consumers compare prices, and will start accepting enrollment for 2015 on Nov. 15. The website is operating well and has undergone extensive testing to avoid the bugs that plagued it when enrollment started last year, Andy Slavitt, the agency’s deputy director, told reporters last weekend.

Copyright 2018 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.