Oscar regards technology and data as the keys to transform the health insurance industry, and Alphabet’s buy-in is a vote of confidence.

Google parent company Alphabet has invested $375 million in Oscar Health’s planned 2020 launch of Medicare Advantage plans.

Modern Healthcare reports that New York-based Oscar intends to enter the Medicare Advantage space in 2020, as well as to expand its presence in the individual and small business markets. In addition, Oscar’s board is getting Salar Kamangar, a Google executive and the former CEO of YouTube, as a new member.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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