Oscar Health sees 49% revenue increase, 56% cut in losses

Oscar Health, the last remaining start-up from the 24 that began selling insurance when the Affordable Care Act market opened, has seen a 49% year-over-year revenue increase and a 56% cut in losses, Becker’s Payer Issues reports. The company, which primarily focuses on the ACA market, had 967,000 individual marketplace members at the end of 2023, up from 598,169 in 2021.