Money Makers Mentor

Oscar Health Files for IPO

Oscar Health files for IPO. They did this as a way to cash in on the telemedicine boom brought on by the COVID-19 pandemic. The New York based health insurance start-up, which the Google parent Alphabet backs, has 529,000 users. They enable scheduling physician visits, checking lab results, emergency virtual appointments and prescription refills. This is available on their mobile app. The company sells health coverage to individuals and families, small businesses, and seniors in Medicare Advantage plans.

Oscar Health was founded in 2012 by Kevin Nazemi, who is no longer a part of the company, and Josh Kushner, brother of former President Trump’s adviser and son-in-law Jared Kushner. The COVID-19 pandemic has caused companies to want to expand their scale and offerings as medical s…

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