In a year when major insurers like Aetna and Humana are pulling out of state exchanges left and rightleaving some 35,000 people in 45 counties with no insurance options, and 3 million more in 1,388 counties with just onea growth story like Oscar's is not only rare, it's virtually unheard-of.
By Amber Taufen|September 01, 2017 at 08:00 PM|The original version of this story was published on Benefitspro Magazine
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
In a year when major insurers like Aetna and Humana are pulling out of state exchanges left and right—leaving some 35,000 people in 45 counties with no insurance options, and 3 million more in 1,388 counties with just one—a growth story like Oscar’s is not only rare, it’s virtually unheard-of.
This five-year-old upstart insurance company (currently offering individual coverage in New York, California and Texas) aims to expand its individual market to three new states and offer plans for businesses in four new states by 2018. Oscar reports that engagement with its key features is up 35 percent year-over-year, and that 23 percent of members use its telemedicine feature—eight times the national average of 3 percent.
Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.
Your access to unlimited BenefitsPRO.com content isn’t changing. Once you are an ALM digital member, you’ll receive:
Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com