NEW YORK – Oscar Health has raised $165 million in funding to advance its plan to grow in multiple cities and market segments. The technology-focused health insurance provider has enrolled about 250,000 members across six states in 2018, wrote Mario Schlosser and Joshua Kushner, co-founders of Oscar Health, in a blog post announcing the funding. “We started Oscar to secure the trust of consumers, to use data science and technology to proactively guide them to the best and most affordable doctors, and to finally introduce choice, competition and value to health care,” they wrote. The company recently announced partnerships with Cleveland Clinic, Humana and AXA. “Oscar now has a proven, replicable growth playbook: secure competitive prices with new health systems, acquire and engage membership in significant volumes, build market share for our provider partners, and begin to drive health care costs down,” the co-founders wrote.
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