Financials & Business Planning 

Enroll and get quotes with Oscar - No extra charge for broker support
Enroll and get quotes with Oscar - No extra charge for broker support

Oscar has announced plans to expand to 14 markets across nine states in 2019, pending regulatory approval. This decision reflects the continued strength of their business model and confidence in our ability to effectively scale with our consumer-focused, technology-driven approach in the individual market. Pending regulatory approval, their new 2019 markets will include new states (Michigan, Florida, and Arizona) and new metro areas within existing states (Ohio, Texas, and Tennessee). You can learn more  in their blog post, by checking out the recent press coverage, or by reading our highlights below: Recent press coverage:

  • CNBC: Oscar Health doubles down on Obamacare exchanges for 2019

Some highlights:

  • All new plans will include Oscar’s core benefits, such as 24/7 telemedicine, a dedicated Concierge Team, and access to an integrated network of excellent hospital systems. We will share more details about these new plans, including our in-network provider partners, and our specific geographic service areas once they are approved.
  • This marks the second year in a row that Oscar has expanded its footprint significantly, which reflects the continued strength of our business model. After growing our membership in 2018 by 250% to 240,000 enrollments, we’re confident that we’ve built a successful, replicable playbook that attracts members and builds market share for our provider partners in selective networks.


Top FAQs about Oscar:

What makes you different?

We founded Oscar to meet the challenges of an old health care system in order to give Americans the affordable, quality health care they deserve. We are a new kind of health insurance company. Today, we drive the highest levels of engagement in health care, helping our members take charge of their health by using data, technology and personalized care across our system. To learn more about what makes Oscar different, check out our deep dive report.


Is Oscar financially stable?

Oscar Health has raised over $1billion to date and we are on track to generate $1billion in revenue in 2018. Our investors can see that we have a playbook for securing good unit costs, engaging members, and driving market share with health system partners that we can replicate across the country. In 2019 our expansion plans include 3 new states and 6 new cities. We are poised for growth.

Who’s a good fit for Oscar?


Here at Oscar, we build tools for the whole family to use –  like our Concierge service which is loved by all, and most highly utilized by our members who are over 55 years old. With tools for all of our members, we can help them better understand their plans, find the right provider, and ultimately drive down costs while increasing quality of care.



Oscar has raised $165 million to deepen the investment in their  technology platform and accelerate expansion. It’s a strong vote of confidence that we’re on to something great, and we’re eager to bring Oscar to new markets and more members. learn more

Oscar Blog Post: Our Next Phase of Growth

CNBC: Oscar Health raises $165 million from Alphabet and others

Forbes: Oscar Health Raises $165M For Multi-City Obamacare Expansion


  • Our funding round was led by Brian Singerman and Founders Fund, who have been a major supporter of our efforts since day one, as well as returning industry leaders including Google, Fidelity, and General Catalyst.
  • This is a significant vote of confidence in our roadmap — investors can see that we have a playbook for securing good unit costs, engaging members, and driving market share with health system partners that we can replicate across the country, at 4-5 cities every year.
  • This capital will allow Oscar to continue investing in the infrastructure, technology, and people that are critical to realizing our vision of lowering health care costs, delivering better care, and increasing member happiness.



Market Share increase via Narrow Networks.

Oscar began shifting its strategy toward relying on narrow networks in 2016, when it announced that it would cut its New York provider network in half in 2017, removing some major health systems in the state to get a handle on its costs and improve the efficiency of its operations. About two-thirds of members opted to stay with Oscar after it narrowed its network. The altered strategy has helped financially. Its historically high administrative costs have come down by a double-digit percentage, Oscar CEO Mario Schlosser told Modern Healthcare in a recent interview. Its medical loss ratio, which represents the percentage of premiums spent on medical care and quality improvement activities, has far exceeded that of veteran insurance companies, at 95% in 2017, but it’s come down from over 120% in 2016.   Modern Health Care  2.6.2018


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 by reading about it here, or by following along in the notes below: Why did Oscar pursue a quota share deal with AXA?

  • All health insurers are required to hold a certain percentage of its premiums as “reserves” so that regulators can ensure that carriers have enough money to pay their future claims.
  • With the AXA deal, Oscar will cede 50% of it’s premiums/claims to AXA, which will free up 50% of its capital requirements
  • We expect that the deal will free up nearly $100 million in capital over the next few years, providing capital relief as we continue to grow

I’m also thrilled to report that we’ve enrolled over 250k members across six states, and expect to generate $1 billion in revenue in 2018. Learn more below:

Related Pages in the  Oscar Health Insurance  &   Member Portal   Section  

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Enroll and get quotes with Oscar - No extra charge for broker support
Enroll and get quotes with Oscar – No extra charge for broker support

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