Datapoint: Oscar to Exit Two States

Startup insurer Oscar Health will exit the individual market in two states, Arkansas and Colorado, for the 2023 plan year, according to remarks by CEO Mario Schlosser at the company’s first-quarter 2022 earnings call. Schlosser said regulatory changes and difficulty attracting members drove the decision. Oscar is currently the eighth-largest individual risk-based insurer, with 567,838 members as of the fourth-quarter of 2021.

Source: AIS’s Directory of Health Plans

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