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Oscar Health posts $87 million loss in Q1

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Oscar Health Inc. on May 13 posted an $87 million loss in the first quarter of this year, despite seeing its total revenue surge to $369.4 million, up from $88.1 million in the same period last year, Forbes reported. According to Oscar, the total direct policy premiums were up 44% to $820.8 million due to growth in membership in new and existing markets.

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