Startup Oscar Posts $105 Million Obamacare Loss in 2015

  • Oscar faced high medical costs in New York, its largest market
  • Insurers are struggling in new markets created under Obamacare
Photographer: Patrick T. Fallon/Bloomberg

Startup Oscar Health Insurance Corp. lost $105.2 million in its New York and New Jersey businesses last year, a sign that insurers of all sizes are struggling in the new markets created by President Barack Obama’s health-care overhaul.

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