Healthcare DIVE February 5, 2025
The ACA insurer lost $153.5 million in the fourth quarter but still eked out a $25.4 million profit for the full year.
Dive Brief:
- Soaring enrollment in Affordable Care Act plans drove Oscar Health to its first profitable year ever in 2024, the insurer reported Tuesday.
- Oscar, which provides individual and small group plans in the ACA exchanges, lost $153.5 million in the fourth quarter but still eked out a $25.4 million profit for the full year, according to financial disclosures.
- The company ended 2024 with almost 1.7 million members, an all-time high and up from 1 million at the end of 2023. Oscar expects to continue expanding after outpacing overall market growth for 2025, executives said.
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