Health insurance startup Oscar is seeking to put control over care back in the hands of the consumer. With its app or website-based service, users can type in their symptoms, browse a list of specialists, choose from the cheapest, highest-rated, or one of many other data-driven combinations, and then book an appointment. The company has raised $13.5 million so far for its first round of funding, with plans to expand into more markets next year. The California health insurance exchange is dominated by four large players, who make up 94% of the market. Oscar will enter the California market next month, having already made an impact in New York. The company made a loss of $27.5m last year, but has raised $350m in funding so far.
Health insurance startup Oscar is seeking to put control over care back in the hands of the consumer. With its app or website-based service, users can type in their symptoms, browse a list of specialists, choose from the cheapest, highest-rated, or one of many other data-driven combinations, and then book an appointment. Oscar also offers an integrated telemedicine service, allowing users to ask a doctor to call them back within 10 minutes of a request being made. The California health insurance exchange is dominated by four large players, who make up 94% of the market. Oscar will enter the California market next month, having already made an impact in New York. The company made a loss of $27.5m last year, but has raised $350m in funding so far.