Forbes November 7, 2024
Oscar Health Thursday reported a $54 million third quarter loss despite continued growth, heading into what could be an uncertain political period under Donald Trump and Republicans in Congress.
But those running the provider of individual coverage under the Affordable Care Act say they believe such health insurance, also known as Obamacare, is “positioned for long-term growth — appealing to GOP desires for consumer choice and a free market approach,” Oscar said in a statement accompanying its third quarter earnings report.
To be sure, Obamacare has come a long way, with millions of Americans — Republicans, Democrats, and independents — gaining such coverage in part due to expanding subsidies that allow more people to afford health insurance. That has also...
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