Alphabet Makes a $375 Million Bet on Obamacare Startup Oscar
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Alphabet Inc. is putting $375 million into Obamacare startup Oscar Health, the latest health-care investment from Google’s parent company.
Oscar plans to use the funds to help fuel its entrance into the lucrative market for privately administered health-insurance plans for seniors, known as Medicare Advantage, in 2020, Chief Executive Officer Mario Schlosser said in a statement. Salar Kamangar, the former CEO of YouTube, will join Oscar’s board, the company said.