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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.
1. Hacking group Ransomhub claims to have stolen UnitedHealth data
2. Hackers leak stolen data from Change Healthcare on dark web
3. UnitedHealth estimates $1.6 billion loss from Change cyberattack
4. Ex-NBA player Will Bynum sentenced in insurance fraud scandal
5. Teladoc Health CEO Jason Gorevic steps down amid stock plunge
6. Biden administration limits Medicare Advantage broker compensation