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New article in Fortune (link below) details the growing pains of “Oscar,” the 18-month-old “hipster” health care company backed by $150 million in venture capital that has cheeky cartoon ads plastered all over New York City’s subway platforms.
The story says the company had about 17,000 customers entering this year’s enrollment period, and Oscar says it now has a 10% market share for the health care exchange in New York. It began selling in New Jersey recently, and plans to expand to California and Texas by the end of next year.
Story also says Oscar isn’t always delivering on its “no-surprises experience” due to the complexity of the healthcare system, but that doesn’t stop it from trying:
“There are uncontrollable traps in the healthcare system. The complexity of this system is astounding and the immediate thing we can do is to make sure none of this happens is have you come through us.” – Oscar CEO Mario Schlosser
Schlosser also said he’s less surprised by the complexity of insurance policies than he is of the unethical pricing practices from conventional health care providers, saying the billing tricks used by care providers would be “obviously fraud” in any other industry.
How is Oscar, the hipster health insurance company, performing? - Fortune
The story says the company had about 17,000 customers entering this year’s enrollment period, and Oscar says it now has a 10% market share for the health care exchange in New York. It began selling in New Jersey recently, and plans to expand to California and Texas by the end of next year.
Story also says Oscar isn’t always delivering on its “no-surprises experience” due to the complexity of the healthcare system, but that doesn’t stop it from trying:
“There are uncontrollable traps in the healthcare system. The complexity of this system is astounding and the immediate thing we can do is to make sure none of this happens is have you come through us.” – Oscar CEO Mario Schlosser
Schlosser also said he’s less surprised by the complexity of insurance policies than he is of the unethical pricing practices from conventional health care providers, saying the billing tricks used by care providers would be “obviously fraud” in any other industry.
How is Oscar, the hipster health insurance company, performing? - Fortune