Oscar Health (Oscar) recently raised $375 million in investments from Google’s parent company, Alphabet. Earlier this year, Verily and Capital—both subsidiaries of Alphabet—also invested $165 million in the company.
Oscar has also announced that it will be entering the Medicare Advantage market in 2020. Currently, the company offers Affordable Care Act plans throughout six states. Oscar plans on using the funds to help accelerate the pursuit of its mission to make its health care system work for consumers by lowering health costs and improving care. The health system continues to help ensure that members costs stay low by splitting risk 50/50 with partners such as Cleveland Clinic, Humana, and AXA.
Oscar Insurance Corporation provides health insurance plans and related services. Its plans cover free clinical professional visits; free generic drugs; routine care services, including flu shots, immunizations, pregnancy screenings, and lab tests; and various other health services. Alphabet Inc. is an American multinational conglomerate created in a corporate restructuring of Google on October 2, 2015. It is now the parent company of Google and several former Google subsidiaries.
This was reported by Fierce Healthcare on August 14, 2018.
Contact Information: Oscar Health, 295 Lafayette Street, New York, New York 10012; (425) 503-0774; Website: www.hioscar.com
Contact Information: Alphabet Inc., 1600 Amphitheatre Parkway, Mountain View, California 94043; (650) 253-0000; Website: www.abc.xyz