The article heavily focused on Oscar's user experience and customer service strengths, but buying health insurance really comes down to getting the most coverage at the lowest price.
If you aren't attacking health insurance from an actuarial standpoint (reducing costs/lowering premiums) I find it really hard to believe businesses are going to move to your platform.
Eventually, Oscar is going to have to come off the VC teet and still pay all their expensive programmers and google VPs while staying price competitive.
Would have been a much better read if the article would have addressed how they plan to do this. My guess is using tech to make their members healthier and boost preventive care, thus lowering premiums.
If you aren't attacking health insurance from an actuarial standpoint (reducing costs/lowering premiums) I find it really hard to believe businesses are going to move to your platform.
Eventually, Oscar is going to have to come off the VC teet and still pay all their expensive programmers and google VPs while staying price competitive.
Would have been a much better read if the article would have addressed how they plan to do this. My guess is using tech to make their members healthier and boost preventive care, thus lowering premiums.