Oscar Health said it will sell health insurance in six new markets, an aggressive expansion for 2019 despite continued regulatory and political assault on individual markets by the Donald Trump administration and Republicans in Congress.
The New York startup, which has made a big bet on offering individual coverage under the Affordable Care Act, has expanded Obamacare offerings this year to more states. That expansion into new markets paid off, with the insurer enrolling more than 250,000 in individual products under the ACA for this year.
Now Oscar has filed to offer insurance in nine states and 14 markets in 2019, “nearly doubling” its current footprint . The expansion is possible thanks to growth, improving financial operations and new funding announced earlier this year.
“Our six new markets will be spread across three new states — Florida, Arizona, and Michigan — and three additional large metro areas in Ohio, Tennessee, and Texas,” Oscar CEO and co-founder Mario Schlosser said in announcing the expansion. Oscar’s other co-founder is Josh Kushner, the brother of President Trump’s son-in-law, Jared.
The expansions come despite repeated and ongoing attempts by the Republican-led Congress and Donald Trump White House to end subsidies for individual customers, destabilize the market with unpredictable and 11th-hour regulatory changes and verbally trash the ACA’s individual coverage.
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