Oscar regards technology anddata as the keys to transform the health insurance industry, andAlphabet's buy-in is a vote of confidence.

Google parent company Alphabet has invested $375 million inOscar Health's planned 2020 launch of Medicare Advantage plans.

Modern Healthcare reports that New York-based Oscar intends toenter the Medicare Advantage space in 2020, as well as to expand its presence in the individual and smallbusiness markets. In addition, Oscar's board is getting SalarKamangar, a Google executive and the former CEO of YouTube, as anew 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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