Business
Oscar Health Widens Insurance Losses Despite Revenue Gains, Targets Profitability
Oscar Health’s OSCR 6.19%increase; green up pointing triangle fourth-quarter loss widened as the health insurer continued to struggle with the high utilization of medical services by plan enrollees, but revenue rose and the company continues to target profitability this year.
The health insurer, which focuses on individuals and small businesses, posted a loss of $352.6 million, or $1.24 a share, wider than the $153.5 million, or 62 cents a share, reported a year earlier.
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