Technology-driven health insurance startup Oscar Health has filed to either debut or expand in health insurance markets in five states in 2018, including New Jersey, Texas, Ohio, California and Tennessee, according to a blog post by cofounder and CEO Mario Schlosser. The move marks the company’s effort to regain customers in New Jersey and Dallas-Fort Worth where it exited last year amidst uncertainty in those markets.
In Texas, the insurer hopes to build on its success in San Antonio and expand to Austin.
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Earlier this month, Oscar forged a collaboration with Cleveland Clinic to sell integrated, co-branded individual health insurance on and off the insurance marketplace in five northeastern Ohio counties. An Oscar spokesperson said in a statement that the partnership was fitting. “Only a world-renowned physician-led system like Cleveland Clinic and a tech-driven startup like Oscar can come together to rebuild a billing-centered healthcare experience into a patient-centered healthcare experience.”
In New Jersey, Oscar is providing its employer plan model Oscar for Business and individual products on and off the exchanges. It is also expanding to Nashville, and bolstering its presence in Los Angeles.
Alluding to efforts by the GOP to push through the American Health Care Act and dismantle Obamacare programs he said:
We’re confident that when the dust settles, the market for health insurance will stabilize in time for 2018. For all of the political noise, there are simply too many lives at stake for representatives in Washington, D.C. not to do what’s right for the people.
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Oscar’s expansion plans are subject to regulatory approval. expansion are subject to regulatory approval. So far the company has recorded 105,000 enrollments for 2017.
Photo: Larry Washburn, Getty Images
