Oscar Health raises $165 Million In Additional Capital, Executives Say They Expect Company To Be Profitable Soon

Oscar Health (Oscar) recently raised an additional $165 million worth in investments from Verily and Capital G—both subsidiaries of Alphabet, Google’s parent company. Also participating in the funding round were investors such as Fidelity and Thrive Capital.

In the wake of these investments, Oscar stated that it is anticipates the company will soon become profitable. Last year, the health system enrolled 250,000 consumers and took in what it projects to be $1 billion or greater in premium revenue. The health system continues to help ensure that members costs stay low by splitting risk 50/50 with partners . . .