Why Oscar Health Stock Lost 11% in September
Shares of health insurance technology Oscar Health (NYSE: OSCR) dropped 11% in September, according to data provided by S&P Global Market Intelligence. The company has lost nearly 50% of its value since its initial public offering in February as its loss widens, and that streak continued into September.
Oscar offers a compelling business model of better health insurance that combines a digital experience with affordability and a focus on customer service. Customers are catching on, and membership increased from 417,000 at the end of the 2020 second quarter to more than 560,000 at the end of the 2021 second quarter, a 35% increase. Even better, premium subscriptions increased at a higher rate of 45% over the same period.
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Source Fool.com
