Alphabet’s $375 million investment in Oscar Health will expand insurer into Medicare Advantage

Today, we are announcing Alphabet’s plans to invest $375 million into Oscar Health,” said Mario Schlosser, co-founder and CEO of Oscar Health. “Oscar will accelerate the pursuit of its mission: to make our healthcare system work for consumers. We will continue to build a member experience that lowers costs and improves care, and to bring Oscar to more people — deepening our expansion into the individual and small business markets while entering a new business segment, Medicare Advantage, in 2020.”

In June, Oscar announced it had added three states, Florida, Arizona and Michigan, to the existing six where it has a footprint: California, Ohio, New York, New Jersey, Texas and Tennessee.

Source: https://www.healthcarefinancenews.com/news/alphabets-375-million-oscar-health-will-expand-insurer-medicare-advantage-business?mkt_tok=eyJpIjoiTVRRNU0yRm1NV1prTlRFNSIsInQiOiJZOEEzMU85NTBXd1J6ZElFOTJ4K3VPXC9IWjM0M3hObFpHcVlnb2J2eENqMkZtRUNwcmgwSUNrRjkyNlVhWUpuWnU4WmdDK0hGUWRWd3FQZ2NnSGFyU09rNGwzdWNUV1p1K1ZXME5WaGl6ZHRWUFh1UTZHUnFlcDJEM2NjSG9MSlEifQ%3D%3D