Oscar Health sues Florida Blue, alleging monopoly of individual ACA health insurance market

Naseem S. Miller / Orlando Sentinel Oscar Health, the new player in Florida’s ACA marketplace, has filed a federal lawsuit against Florida Blue, alleging that the insurer is using improper tactics to stifle competition in the state and monopolize the individual plan market. In an antitrust lawsuit filed on Tuesday morning in the federal court’s Middle District of Florida, Oscar …

Google invests in Oscar Health Plans

From Oscar on August 16, 2018: we are thrilled to announce that Google’s parent company, Alphabet, is planning to invest $375 million in Oscar. Alphabet has been a supporter of Oscar for years and this reflects an incredible vote of confidence in Oscar’s unique ability to deliver a consumer-focused, tech-driven member experience in health care. This investment will allow Oscar …

Oscar and Axa team up

From Oscar Health Plans on February 1: There’s been a lot of attention and excitement in the industry, and we’re happy to be a part of it. First, I’m excited to share that Oscar has recently partnered with multinational insurer AXA! It’s a great indicator of Oscar’s solid financials, and we’re excited to continue to grow. You can learn more …

OSCAR HEALTH loses 105 million

(Bloomberg) — Startup Oscar Health Insurance Corp. lost $105.2 million in its New York and New Jersey businesses last year, a sign that insurers of all sizes are struggling in the new markets created by the Patient Protection and Affordable Care Act (PPACA). The losses, $92.4 million in New York and $12.8 million in New Jersey, were disclosed by Oscar …