Becker's Healthcare June 7, 2024
Oscar Health wants to reach 4 million members by 2027.
In a presentation to investors, the insurer said it plans to enter approximately 150 new metropolitan areas by 2027 and targeted expansion of its individual coverage Health Reimbursement Arrangement business.
The insurer currently has 1.5 million members, primarily in ACA exchange plans.
Here are five things to know about Oscar’s growth strategy:
- Oscar Health reported its first profitable quarter in 2024. The company is targeting full-year profitability in 2024. According to its presentation, Oscar is targeting a 5% profit margin in 2027 and 20% year-over-year revenue growth.
- The company expects the size of the individual market to reach 31 million people by 2027 if enhanced...
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