Oscar Health will exit the California Affordable Care Act exchange market, Covered California, for the 2024 plan year, executives revealed during the insurance startup’s first-quarter 2023 earnings call. The California exit is part of a push toward profitability, as the plan “has not met our targets,” CEO Mark Bertolini said during the call. Oscar is currently the seventh-largest exchange insurer in the state, serving 44,658 members. Oscar is the fourth-largest exchange insurer nationally, with 977,408 members.
Source: AIS’s Directory of Health Plans