Losses Mount for Obamacare Startup Oscar as Repeal Looms
- Annual loss climbed to $204.9 million from $121.7 million
- Oscar counts on premium hikes, narrow networks for improvement
Here's How Republicans Are Working to Repeal Obamacare
This article is for subscribers only.
Oscar Insurance Corp., the startup trying to reinvent medical insurance with its Obamacare-focused plans, lost more than $200 million on the products in 2016 as it heads into a year that may see the undoing of the health law.
The company offered plans in four states in 2016 and lost about $204.9 million on premium revenue of $425.9 million, according to filings. The loss widened from $121.7 million in 2015.