Oscar Health Co-founder & CEO Mario Schlosser Shares How a young upstart is challenging the status quo

When the Affordable Care Act became effective in January 2014, a New York based startup called Oscar Health entered the fray with individual health plan products offered on the Federal Health Insurance Marketplace.  Oscar Health was considered unusual for a few reasons including everything from its name to the fact that its cofounders, Mario Schlosser, Kevin Nazemi and Josh Kushner were not healthcare or insurance executives.  While offering a High Deductible Health Plan, the team at Oscar created a unique design providing first dollar coverage for telemedicine visits with their staff to encourage new members to call the Health Plan early in their membership.  Many Industry experts expressed skepticism at the idea of a startup entering the market at such a volatile time in the nation’s health coverage journey.

Six years later, the team as Oscar Health seems to have quieted its critics.  While many of the large national health insurers exited the public health exchanges quickly, Oscar Health has grown its presence beyond New York and is currently offered in 18 states. In addition, the team at Oscar Health expanded into the Small Group and Medicare Advantage markets. 

With us today is the cofounder and CEO of Oscar Health, Mario Schlosser to share the rationale behind the startup and to share where they are in their vision of fixing a broken healthcare system and improving outcomes.

Shownotes:  Book Mario recently read is Adventures of a Computational Explorer by Stephen Wolfram.

Website: www.hioscar.com