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Oscar raises $165 million to Invest in Technology Platforms and Accelerate Expansion

Oscar has announced on their website that they have raised $165 million to deepen investments in technology platforms and accelerate expansion. They plan on moving to four to five new cities every year with a variety of individual and group health insurance products.

“Our investors have consistently believed in Oscar’s long-term vision, in the underlying strength of our business model, and in the talent and drive of more than 700 of the brightest minds from health care, technology, data, and operations,” Oscar co-founders Mario Schlosser and Josh Kushner said. Josh Kushner is the brother of President Donald Trump’s son-in-law, Jared Kushner.

Oscar prides itself on their company goal to provide the consumer with affordable and high quality health care.

During the recent open enrollment period, Oscar signed up more than 250,000 members, increasing their revenue to upwards of $1 billion dollars.

Oscar is growing exponentially proven by their recent partnerships with the Cleveland Clinic, Humana, and AXA.

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Cosmo’s dedicated service doesn’t end with the selection and signing of your policy. Whether its healthcare, life insurance, long term care, vision, dental, or disability, Cosmo Insurance Agency will be there every step of the way. Our staff maintains close contact and is always only a quick phone call away for questions or concerns relating to billing, provider issues, claims or reimbursements and your insurance renewal. Give us a call today!

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Our Next Phase of Growth

Oscar Health Raises $165M For Multi-City Obamacare Expansion

2024