US health insurer Oscar's plans to reduce spending by limiting the number of doctors and hospitals it contracts to has been criticised for commoditising healthcare. The move comes as Oscar is under pressure from its customers after a series of scandals in recent years.
US health insurer Oscar's plans to reduce spending by limiting the number of doctors and hospitals it contracts to has been criticised for commoditising healthcare. The new approach, adapted from the technology sector, was unveiled after the company posted a $92.4m loss last year due to overwhelming demand.