Oscar raises $165 million
Oscar has announced on their website that they have raised $165 million to deepen investments in technology platforms and accelerate expansion. They plan on moving to four to five new cities every year with a variety of individual and group health insurance products.
“Our investors have consistently believed in Oscar’s long-term vision, in the underlying strength of our business model, and in the talent and drive of more than 700 of the brightest minds from health care, technology, data, and operations,” Oscar co-founders Mario Schlosser and Josh Kushner said. Josh Kushner is the brother of President Donald Trump’s son-in-law, Jared Kushner.
Oscar prides itself on their company goal to provide the consumer with affordable and high quality health care.
During the recent open enrollment period, Oscar signed up more than 250,000 members, increasing their revenue to upwards of $1 billion dollars.
Oscar is growing exponentially proven by their recent partnerships with the Cleveland Clinic, Humana, and AXA.
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