As other health insurers panic and look to readjust, $OSCR is making moves in the dark preparing for shifts and new ways of business. Here are all acquisitions $OSCR made last quarter. ‼️🟪
1.) IHC Specialty Benefits (Brokerage)
Ownership of a brokerage enables Oscar to directly cross-sell, retain, and upsell members with products that closely match consumer needs. This is strategically related to ICHRA.
Aug 26 • 8 tweets • 2 min read
“$OSCR lost 230 million dollars they are so screwed”.
“They are no longer profitable im out”.
I have been hearing this narrative for far too long and they are all wrong. Heres why📚
1.) 230 million loss due to sharp increase in medical loss ratio (MLR) to 91.1%, driven by higher market morbidity after Medicaid redeterminations and risk adjustment payables. Losses are reflected as reductions in retained earnings, not as a depletion of asset liquidity or