Fierce Healthcare June 7, 2024
Sensing an opportunity in the individual market, Oscar Health believes it is poised to expand and increase its market share, the company revealed ahead of its annual investor day June 7.
This year may be seen as the start of Oscar’s breakout story. The company recorded its first quarterly net profit last month, and CEO Mark Bertolini has said 2024 will be Oscar’s first profitable year.
As of April, there are 1.5 million Oscar members and the company holds 7% of the total Affordable Care Act (ACA) market share in 18 states.
In its presentation, the company detailed growth projections in its ACA business, its long-term vision for individual coverage health reimbursement arrangements (ICHRA) and Medicare Advantage, thoughts on the...
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