Key takeaways from Oscar Health's S-1 public filing - Business Insider

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Oscar Health, the original buzzy health insurance startup, has filed to go public. We pored over its 208-page filing to find 4 key takeaways.

Oscar Health, the insurer founded by Joshua Kushner and Mario Schlosser, has filed to go public.

We read through the insurer's 208-page filing to learn more about Oscar's strategy. Here are four key takeaways. Oscar laid out its financial performance. The insurer's net loss widened to $406.8 million in 2020, from $261.2 million in 2019., as their members put off going to the doctor during the pandemic and insurers paid fewer medical claims as a result.

Oscar also sells coverage to small businesses and seniors enrolled in Medicare Advantage, a private alternative to the traditional Medicare program.just 3,200 people in the plans, according to federal data.Oscar's cofounders and Kushner-backed Thrive Capital are using a dual-class stock structure so they can keep control of the companyIt said that after it completes the IPO, it will have two classes of common stock: Class A and Class B.

 

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This is the insurance that Josh Kushner started and for one year was the only insurance Cleveland Clinic was accepting excluding Medicare.

How are things with the capitol now?

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