Oscar Health Inc. (OSCR) stock fell during pre-market trading session. Here’s what’s happening?

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Oscar Health Inc. (NASDAQ: OSCR) stock declined by 2.01% at the last close while the OSCR stock price declines by 6.83% in the pre-market trading session. Oscar Health, Inc. has been the first health insurance company based on a full-stack technology platform with a laser-like focus on its customers.

OSCR stock’ Recent Update

Oscar Health has announced that starting in 2022, it will provide Oscar Individual and Family health insurance plans throughout Miami-Dade County in collaboration with the University of Miami Health System and Jackson Health System.

More South Florida residents will have accessibility to a streamlined clinical and insurance experience as a result of these agreements. The top provider networks of the University of Miami Health System and Jackson Health System, as well as Oscar’s consumer-centric, tech-driven understanding of consumer service and care navigation, will give more people access to better health care.

These health plans are expected to be marketed on the federal health insurance exchange beginning January 1, 2022, with coverage beginning on that day.

  • Health care coverage tailored to each member’s requirements will be included in the new plans and care.
  • Convenient specialty, pharmacy, and wellness features are designed to save you money.

Moreover,

The COVID-19 pandemic has had a significant effect on the state of Florida, as variations continue to spread illness and instability. Due to job loss, roughly 25% of Florida citizens may not have health insurance coverage due to increased unemployment levels and an unstable job market. Residents of Miami-Dade who live in Oscar’s coverage region will be able to buy Oscar Individual and Family health plans during the next Open Enrollment period. It offers access to the University of Miami Health System and Jackson Health System’s network of high-quality doctors and services at a low price.

 Dennis Hillen, Oscar Regional Vice President commented,

Their aim of making high-quality health care more available and affordable for consumers is important as they enter the Open Enrollment period. They’re excited to collaborate with the University of Miami Health System and Jackson Health System on a common mission to reach more people in Miami-Dade and meet their specific needs.

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