Yes, but: Oscar has gotten a lot of buzz for its promise to shake up the industry, but has yet to turn a profit. Its share price has seen a steep drop since its IPO last month and fell again on Tuesday. What we’re hearing: “In theory, theory, you should be able to sell that to other health plans. It should work,” said Charles Rhyee, a managing director and senior research analyst at Cohen. “I think the question is: ‘How quickly?’”
Oscar gets the vast majority of its premium revenue from the Affordable Care Act’s insurance exchanges. Increasing competition in those marketplaces — including United Healthcare and Aetna’s plans to reenter the exchanges — will likely eat into Oscar’s margins. “We built Oscar from day one with an eye towards using our technology to power as much of the healthcare ecosystem as possible,” Meghan Joyce, who was just named head of +Oscar, told Axios.
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