2021 Shows Losses for Dallas Health
Insurance Despite Revenue Gains
Dallas health insurance
providers welcome Oscar
Health, a relatively new
Affordable Care Act (ACA)
Provider,
with part of its coverage
network in the Dallas Metro-
Plex, has reported a $87 million
loss in revenue despite having
expanded into new markets.
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Conversely, during last year’s first
fiscal quarter, Oscar reported a
quadrupling of revenue as
membership grew in both existing
and expanded markets and
competes with health insurance in
Dallas.
At the time, Oscar also
reported an increase in its
total direct policy premiums.
Oscar CEO and co-founder
Mario Schlosser still
expressed optimism about the
company’s overall growth,
stating,
We achieved very attractive
first quarter growth while
simultaneously lowering our
medical loss ratio and
administrative cost ratio year-
over-year.
This trend, coupled with the
recent launch of +Oscar,
positions our company well for
continued sustainable growth
and improving profitability
Rick Thornton, a Dallas health
insurance agents, attributes an overall
increased enrollment with ACA
providers to the current presidential
administration’s Special Enrollment
Period (SEP) for those impacted by
the COVID-19 pandemic.
This SEP provides additional time for
eligible patients to sign up for the
Affordable Care Act, with the end-goal
of providing health insurance coverage
to Americans who have had both their
lives and finances disrupted by the
pandemic.
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