Startups like Oscar and Clover are taking on massive companies like UnitedHealth Group and CVS Health. We took a look at how they're faring.
Oscar Health CEO Mario SchlosserOscar in August provided reporters with a summary of its financial results for the first half of 2019.
Oscar's financials are impacted by two reinsurance deals. Fifty percent of Oscar's revenues now get passed along to Berkshire Hathaway, while insurance giant Axa gets about half of the revenues left, according to a spokeswoman. According to the filings reviewed by Business Insider, Oscar posted a net profit of $4.5 million in the first quarter of 2019.
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