Oscar Health
 |
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| Oscar Health Insurance | |
| Private | |
| Industry | Health insurance |
| Founded | November 1, 2012 in New York City, New York, USA |
| Founder | Mario Schlosser (CEO) Kevin Nazemi Josh Kushner |
| Headquarters | 295 Lafayette Street, New York City, USA |
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Area served
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New York, California, and Texas |
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Key people
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Alan Warren (CTO & Sr VP-Engrg) Dave Henderson (Pres-Insurance) Veronica Parker-Hahn (VP-Mktg) Edward Segel (VP-Product) |
| Website | https://www.hioscar.com |
Oscar Health Insurance is a technology-focusedhealth insurance company founded in 2012 and headquartered in New York City.
The company was founded in 2012 by Mario Schlosser, Kevin Nazemi, and Josh Kushner, who were classmates at Harvard Business School. Oscar was named after Kushner's great-grandfather. Kushner was inspired to start the company after receiving an explanation of benefits from his health insurer that he was unable to understand.
Oscar began insuring members in New York in 2014 and had around 16,000 members. In 2015, it expanded coverage to New Jersey and grew to about 40,000 members. In 2016, Oscar had 145,000 members in New York, New Jersey, California, and Texas.
On August 23, 2016, Oscar emailed their customers living in New Jersey to inform them that they would be exiting the New Jersey Marketplace at the end of 2016. In 2015, the company lost $92.4 million, and was reported to be struggling and reducing its footprint.
Oscar sells individual health insurance plans, both directly and through health insurance marketplaces, in New York, Texas, and California. In 2017, they have 90,000 members.
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Wikipedia