Google Parent Alphabet Invests $375 Million In Oscar Health

Oscar Health (Oscar) recently raised $375 million in investments from Google’s parent company, Alphabet. Earlier this year, Verily and Capital—both subsidiaries of Alphabet—also invested $165 million in the company.

Oscar has also announced that it will be entering the Medicare Advantage market in 2020. Currently, the company offers Affordable Care Act plans throughout six states. Oscar plans on using the funds to help accelerate the pursuit of its mission to make its health care system work for consumers by lowering health costs and improving care. The health system continues to help ensure that members costs stay low . . .