How to Win and Lose By Oscar
Oscar health insurance only lost $57.6 million in the first half of the year in Texas, New York and California. That’s down from $83 million a year earlier. According to Bloomberg, in Texas and California, the company brought in more in premiums than it spent on care, though in New York its health costs still exceeded premiums. Also, as of June 30, Oscar had 43,618 customers in New York, 30,713 in Texas, and 10,417 in California. That’s 84,748 policyholders. Down 32% from last year, when it was reported that Oscar served 125,000 members. Bottom Line: Less members. Less Losses. Oh, the irony.