Insurance Startup Oscar Posts Obamacare Losses in Three StatesBy and
Company discloses red ink in filing for first half of year
Insurer had millions in losses in New York, Texas, California
Oscar Insurance Corp., the startup backed by Silicon Valley investors, posted losses in New York, Texas and California in the first half of the year, the latest example of insurers both large and small losing money in new markets created by President Barack Obama’s health-care overhaul.
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