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Without a doubt more info on Oscar Health

  • Anticipated IPO timeline: 2021
  • Believed IPO valuation: N/A

Oscar wellness’s origins return to 2012, whenever Harvard company Classmates Mario Schlosser, Kevin Nazemi and Josh Kushner (the bro of Jared Kushner) had a notion to generate a brand new type of wellness insurance carrier predicated on cutting-edge electronic technologies. The timing had been spot-on, too, as Oscar wellness would enjoy the rollout associated with low-cost Care Act (ACA).

Schlosser and Kusnher had individual good reasons for beginning the organization. Schlosser, possessed a negative knowledge about coping with a medical facility payment whenever their spouse ended up being expecting. Kushner possessed an experience that is similar he injured their ankle.

Oscar wellness has raised a lot more than $1.5 billion since its founding. This money ended up being utilized to introduce insurance coverage items for families, smaller businesses and the ones with Medicare Advantage plans. The business additionally has already established success featuring its telemedicine platform. More…