Oscar Health, Inc. (OSCR)
NYSE NYSE Primary Summary
Why This Health Care Stock Has Gained 35% This Week
Shares of Oscar Health (OSCR) jumped Wednesday, the latest big gain for the health insurer after Piper Sandler analysts upgraded their rating of the stock in a recent note to clients.
OSCR Stock Review: Strong Growth Meets Attractive Valuation
Oscar Health stock (NYSE: OSCR) has recently increased to over $16 after reports of a possible two-year extension of Obamacare subsidies, which may positively influence demand for health insurance via the Affordable Care Act (ACA) Marketplace. This surge signifies investor confidence regarding imminent policy support, yet the central question persists: Is OSCR stock still an enticing purchase following its recent increase?
Oscar Health CEO Mark Bertolini on fixing U.S. health care: We need to put consumers in charge
Mark Bertolini, Oscar Health CEO, Verizon chairman and former Aetna chairman and CEO, joins 'Squawk Box' to discuss the state of the health insurance industry, why insurance premiums are going up, future of the ACA, skyrocketing health care costs, ways to fix the U.S. health care system, and more.
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Oscar Health, Inc. Profile
| Health Care Technology Industry | Healthcare Sector | Mark Thomas Bertolini CEO | NYSE Exchange | 687793109 CUSIP |
| US Country | 2,400 Employees | - Last Dividend | - Last Split | 3 Mar 2021 IPO Date |
Overview
Oscar Health, Inc. is a prominent entity in the American health insurance landscape, operating with a focus on innovation and technology-driven solutions. Initially founded under the name Mulberry Health Inc., it underwent a strategic rebranding to Oscar Health, Inc. in January 2021, signifying a fresh outlook towards healthcare provision. Since its inception in 2012, the company has been dedicated to streamlining health insurance for individuals and small groups, making it more accessible and user-friendly. Headquartered in New York, New York, Oscar Health has made significant strides in reshaping the health insurance experience, leveraging technology to foster a more efficient and patient-centric healthcare system.
Products and Services
- Health Plans:
- +Oscar - Technology Driven Platform:
- Reinsurance Products:
Oscar Health specializes in offering comprehensive health insurance plans targeting the individual and small group markets. These plans are designed with the consumer's health and financial well-being in mind, providing a wide array of coverage options to meet various healthcare needs and budgets.
The +Oscar platform stands at the core of Oscar Health's innovative approach, serving as a technology-driven solution aimed at simplifying the healthcare journey. This platform enables a seamless interaction between providers and payors, facilitating the transition to value-based care. By leveraging +Oscar, healthcare providers can offer more effective and efficient care delivery, directly impacting patient satisfaction and outcomes.
In addition to its consumer-facing offerings, Oscar Health also provides reinsurance products. These offerings help manage risk and stabilize costs for both the company and its partners, ensuring sustainability and reliability in the services provided. Reinsurance plays a crucial role in maintaining the affordability of health plans, making health insurance more accessible to a broader audience.
Contact Information
