News Briefs: Oscar Leaves Arkansas, Colorado

Oscar Health, Inc. will cease operations in Arkansas and Colorado at the end of this plan year. Chief Financial Officer Scott Blackley defended the decision by saying “they’re really small” markets for the firm in response to a question from Goldman Sachs analyst Nathan Rich during the startup insurer’s latest earnings call, according to the Motley Fool. He added that “they don’t have a significant or even close to material effect [on profits.] There is a benefit though from just reducing…compliance work.” The firm has yet to post a profit, prompting criticism from managed care insiders.

0 Comments
© 2022 MMIT
AIS Health Staff

AIS Health Staff

Related Posts

spreadsheet-with-dollar-amounts
May 27

Health Insurers, Hospitals Grapple With Inflation, Labor Costs

READ MORE
aca
May 27

Feds Approve Virginia Individual Market Reinsurance Program

READ MORE
cms-website
May 27

North Carolina Sets Sights on Medicaid Expansion

READ MORE

GAIN THERAPEUTIC AREA-SPECIFIC INTEL TO DRIVE ACCESS FOR YOUR BRAND

Sign up for publications to get unmatched business intelligence delivered to your inbox.

subscribe today