The ACA marketplace-focused health insurer has filed with Arizona regulators.
Oscar remained in the marketplaces even though it sustained losses in the early years and in the face of turbulence in Washington, DC.
In an interview with Bloomberg, Chief Executive Mario Schlosser described increasing membership, revenues and better control medical expenses and said:
We feel comfortable that the risk pool will remain comfortable, and that we can roll out the blueprint for expansion that we have in more areas.
Schlosser said the expansion would be in four unnamed areas.
Keys to their strategy are developing close relationships with hospital systems and consumer-focused apps that facilitate contact with physicians that often eliminate the need for office visits.
Read more about Oscar’s performance and plans in Bloomberg News.
The insurer’s media kit gives you more details about Oscar’s view of the healthcare marketplace