Oscar Health ramps up expansion to 14 markets for 2019

Health insurance startup Oscar Health filed plans to offer individual marketplace coverage in six new markets next year, bringing its total expansion to nine states and 14 markets in 2019, the company said June 21.

The move will double its current footprint. Three of the additional markets will be in new states for the insurer: Florida, Arizona and Michigan. The other three markets are in large metro areas in Ohio, Tennessee and Texas.

All filings are subject to regulatory approval.

In May, Oscar CEO Mario Schlosser hinted to Bloomberg about the expansion. Important to Oscar's success are its narrow networks with hospital systems, such as its relationship with Cleveland Clinic. Cleveland Clinic teamed up with Oscar for a co-branded health plan in June 2017, and the organizations estimate their new health plan holds 15 percent of Cleveland's health insurance market after enrolling 11,000 members for 2018. Mr. Schlosser in May said Oscar will pursue these same types of relationships in its new markets.

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