Health insurer Oscar Health swung to a $679 million first quarter profit – the highest in company history – as its health plan membership jumped more than 50% and medical costs eased.
Oscar, which grew to 3.2 million health plan members as one of the nation’s largest providers of individual coverage under the Affordable Care Act, on Wednesday reported net income of $679 million, or $2.07 per diluted share. That compares to $275.3 million, or 92 cents in the first quarter of 2025.
Oscar Health, Centene Stocks Surge. Here’s Why.
Shares of health insurers Oscar Health and Centene spiked Monday after a report said President Donald Trump would propose a two-year extension for Affordable Care Act insurance subsidies. ARTICLE