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Obamacare Startup Oscar Will Expand to New States

  • Insurer posts first-quarter profit, expects full-year loss
  • Health company expanding in Arizona, three other markets
The Oscar Center in Brooklyn, New York.
Photographer: Kholood Eid/Bloomberg

Oscar Insurance Corp., the Obamacare-focused health insurance startup, plans to expand to Arizona and at least three other new markets next year, a bet on the health law’s survival despite the turbulent politics surrounding it.

In an interview, Chief Executive Officer Mario Schlosser said Oscar is meeting its goals to increase membership and revenue while gaining a better handle on medical costs.