New York City-based startup Oscar Health will extend its ACA exchange presence in Ohio, Texas, New Jersey, Tennessee and California for 2018.
Mario Schlosser, CEO and co-founder of Oscar, said the payer is entering markets in this "time of uncertainty" because it is "confident that when the dust settles, the market for health insurance will stabilize in time for 2018."
The payer's market expansions include five counties in Ohio through a joint health plan with Cleveland Clinic; 14 counties in New Jersey; Austin, Texas; Nashville, Tenn.; and east Los Angeles. Oscar will also continue its operations in New York state.
Oscar requires regulatory approval to move forward with its offerings.