Oscar Health, Inc. (“Oscar”) (NYSE: OSCR), a leading healthcare
technology company, today announced it will bring the Oscar
experience to more individuals, families, and businesses through
the ACA marketplace in 2025. Oscar is introducing affordable health
insurance products that empower people to pursue a healthy life on
their terms with:
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Oscar Health's 2025 Open Enrollment
market expansion. (Graphic: Business Wire)
- Services built around personal health needs and
preferences.
- Established networks providing multiple paths to high-value
clinical care.
- Technology solutions to help members manage their health and
make informed choices.
The Oscar experience will be available in 504 markets across 18
states in 2025.
“Oscar makes shopping for healthcare easy with plans that fit
every budget,” said Mark Bertolini, CEO of Oscar Health. “People
have control over the products they buy and use in every part of
their life, except healthcare. Oscar is changing that. We give
people the freedom to select plans that work best for them. Our
members understand what they are buying, what it costs, and how it
compares to other products.”
Oscar is giving its fast-growing and diverse membership better
health insurance choices. The following solutions will be available
across select states in the 2025 Open Enrollment period1.
Building Solutions for Communities Oscar is introducing
Buena Salud, a Spanish-first solution for Hispanic and Latino
members. Individuals meet Oscar in Español and are connected to an
Oscar care team, primary care provider, and healthcare community
that share their cultural heritage. The solution prioritizes the
preferences of Hispanics and Latinos, who are more inclined to seek
care when providers speak Spanish2.
Buena Salud builds on the Hola Oscar experience, which has an
industry-leading NPS of 873 and is available across Oscar plans.
The program, developed by native Spanish-speakers at Oscar,
accounts for cultural, linguistic, and regional differences among
Hispanic and Latino communities. These communities make up nearly
one-third of Oscar’s membership and are the fastest-growing
populations in the ACA4.
Expanding the ACA to Employees and Employers Employees
can now choose from Oscar’s suite of affordable, tech-savvy
solutions using their employer contributions. Individuals can
select from dozens of plans with high-quality networks that align
with their schedules, neighborhoods, and health needs. Oscar has a
dedicated concierge team for employees that is available 24/7 to
help them maximize their new benefits.
Oscar is working with StretchDollar to help businesses with less
than 50 employees instantly offer pre-tax contributions that
employees can use to buy individual health insurance. Businesses
can visit StretchDollar.com/Oscar to set up a free account in less
than 10 minutes5.
Oscar's plans offer much-needed relief for the growing number of
employers that are new to insurance or struggling with double-digit
increases from small group plans.
Making Multiple Chronic Conditions Easier to Manage Oscar
is launching a multi-condition plan for members with diabetes,
pulmonary, and cardiovascular disease – three common conditions
impacting ACA members6. Managing these conditions together can
lower costs by 25% or more7. Benefits include: $0 cardiologist,
pulmonologist, and endocrinologist visits; $0 screenings and labs;
$0 primary and behavioral care; and $0 medications.
Members can enroll in Oscar’s single-condition plans, Diabetes
Care and Breathe Easy, in select states.
Introducing Solutions for People Who Want a Healthcare
Guide Oscar is introducing Guided Care HMO with lower premiums
and out-of-pocket costs. Individuals select a primary care provider
who manages their care with a network of specialists for an
exceptional experience. The solution delivers urgent and real-time
referrals, addressing pain points of most HMOs. Benefits include:
$0 virtual urgent care; $0 medications; and low-cost labs and
integrated virtual-first speciality care.
Members can access Oscar’s Diabetes Care and multi-condition
plan through Guided Care HMO. Visit HiOscar.com/GuidedCare for more
information.
Alessa Quane, Chief Insurance Officer, Oscar Health added:
“Oscar’s solutions acknowledge cultural and health differences to
best meet the needs of individuals and families. Our offerings this
open enrollment embody what Oscar will continue to bring to growing
populations in the ACA – making the individual market the chosen
solution for all Americans.”
About Oscar Health
Oscar Health, Inc. (“Oscar”) is a leading healthcare technology
company built around a full stack technology platform and a
relentless focus on serving our members. We have been challenging
the status quo in the healthcare system since our founding in 2012,
and are dedicated to making a healthier life accessible and
affordable for all. Oscar offers Individual & Family plans and
health technology solutions that power the healthcare industry
through +Oscar. Our technology drives superior experiences, deep
engagement, and high-value clinical care, earning us the trust of
approximately 1.6 million members, as of June 30, 2024.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All statements other than statements of historical fact
contained herein are forward-looking statements. These statements
include, but are not limited to, statements about our business
prospects, and our management’s plans and objectives for future
operations, expectations and business strategy. In some cases, you
can identify forward-looking statements by terms such as “may,”
“will,” “should,” “expects,” “plans,” “anticipates,” “could,”
“intends,” “targets,” “projects,” “contemplates,” “believes,”
“estimates,” “predicts,” “potential,” or “continue” or the negative
of these terms or other similar expressions. Accordingly, we
caution you that any such forward-looking statements are not
guarantees of future performance and are subject to risks,
assumptions, and uncertainties that are difficult to predict and
generally beyond our control. Although management believes that the
expectations reflected in these forward-looking statements are
reasonable as of the date made, there are or will be important
factors that could cause our actual results to differ materially
from those indicated in these forward-looking statements,
including, but not limited to, the factors set forth under the
caption “Risk Factors” in our Quarterly Report on Form 10-Q for the
quarterly period ended June 30, 2024, filed with the Securities and
Exchange Commission (“SEC”), and our other filings with the SEC.
You are cautioned not to place undue reliance on any
forward-looking statements made in this press release. Any
forward-looking statement speaks only as of the date as of which it
is made, and, except as otherwise required by law, we do not
undertake any obligation to publicly update or review any
forward-looking statement, whether as a result of new information,
future developments or otherwise. New factors emerge from time to
time, and it is not possible for us to predict which will
arise.
__________________________________________ 1Buena Salud: GA and
off-exchange in FL. Multi-Condition Plan: FL, TX, OH, AZ, GA.
Guided Care HMO: TX and GA HMO. 2Pew Research Center. "Hispanic
Americans' Experiences with Health Care." June 14, 2022.
3Spanish-speaking net promoter score (NPS) for Oscar members as of
1Q24. 4U.S. Department of Health and Human Services. "Health
Insurance Marketplace Enrollment by Race and Ethnicity 2023." March
22, 2024. 5Applicable for employers with less than 50 employees,
especially those that are new-to-insurance. 6Oliver Wyman. "Premium
Tax Credit Ending: Chronic Conditions at Risk." September 2024.
72024 Oscar internal clinical analysis of average course of
treatment for Diabetes, pulmonary related conditions and CKM
conditions.
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version on businesswire.com: https://www.businesswire.com/news/home/20241021600325/en/
Media Contact: Kristen Prestano VP, Communications
press@hioscar.com
Grafico Azioni Oscar Health (NYSE:OSCR)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Oscar Health (NYSE:OSCR)
Storico
Da Gen 2024 a Gen 2025
