{"id":6043,"date":"2018-08-21T15:00:37","date_gmt":"2018-08-21T19:00:37","guid":{"rendered":"https:\/\/peakinsuranceadvisors.com\/?p=6043"},"modified":"2018-08-21T15:01:38","modified_gmt":"2018-08-21T19:01:38","slug":"google-parent-company-alphabet-planning-to-invest-375-million-in-oscar","status":"publish","type":"post","link":"https:\/\/peakinsuranceadvisors.com\/google-parent-company-alphabet-planning-to-invest-375-million-in-oscar\/","title":{"rendered":"Google\u2019s parent company Alphabet planning to invest $375 million in Oscar"},"content":{"rendered":"<p><a href=\"https:\/\/peakinsuranceadvisors.com\/wp-content\/uploads\/2018\/08\/alphabet-logo.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-5656\" src=\"https:\/\/peakinsuranceadvisors.com\/wp-content\/uploads\/2017\/08\/oscar-logo100w.png\" alt=\"\" width=\"100\" height=\"30\" \/><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-6046 alignnone alignleft\" src=\"https:\/\/peakinsuranceadvisors.com\/wp-content\/uploads\/2018\/08\/alphabet-logo.png\" alt=\"\" width=\"152\" height=\"40\" srcset=\"https:\/\/peakinsuranceadvisors.com\/wp-content\/uploads\/2018\/08\/alphabet-logo.png 1333w, https:\/\/peakinsuranceadvisors.com\/wp-content\/uploads\/2018\/08\/alphabet-logo-300x79.png 300w, https:\/\/peakinsuranceadvisors.com\/wp-content\/uploads\/2018\/08\/alphabet-logo-768x202.png 768w, https:\/\/peakinsuranceadvisors.com\/wp-content\/uploads\/2018\/08\/alphabet-logo-1024x269.png 1024w\" sizes=\"auto, (max-width: 152px) 100vw, 152px\" \/><\/a><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-6047 alignnone alignleft\" src=\"https:\/\/peakinsuranceadvisors.com\/wp-content\/uploads\/2018\/08\/googlelogo_color_272x92dp.png\" alt=\"\" width=\"109\" height=\"37\" srcset=\"https:\/\/peakinsuranceadvisors.com\/wp-content\/uploads\/2018\/08\/googlelogo_color_272x92dp.png 544w, https:\/\/peakinsuranceadvisors.com\/wp-content\/uploads\/2018\/08\/googlelogo_color_272x92dp-300x101.png 300w\" sizes=\"auto, (max-width: 109px) 100vw, 109px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left;\">It has just been announced that\u00a0<strong>Google\u2019s parent company, Alphabet, is planning to invest $375 million in Oscar<\/strong>.<\/p>\n<p>Alphabet has been a supporter of Oscar for years and this reflects an incredible vote of confidence in Oscar\u2019s unique ability to deliver a consumer-focused, tech-driven member experience in health care. This investment will allow Oscar to continue to invest in and bring Oscar\u2019s unique product to more people, markets, and business lines. For more details, check out our CEO Mario\u2019s interview in the Wired story: <a href=\"http:\/\/go2.hioscar.com\/DMz500g0WVD001015e3s0am\" target=\"_blank\" rel=\"noopener\">Health Care is Broken. Google Thinks Oscar Health Can Fix It.<\/a><\/p>\n<p>Second, we\u2019re excited to report that our financial results for the first half of 2018 are trending in-line with expectations. After doubling our footprint for 2018, we\u2019re right on-track for 3x growth, $1 billion in premium revenue and MLR in the mid-80s. Oscar generated gross premium revenues of $630 million across all six states and combined individual and small group market segments \u2014 a 3x increase over the same period last year.<\/p>\n<p>You can read more about Oscar&#8217;s first half results below and in our Axios coverage: <a href=\"http:\/\/go2.hioscar.com\/p0500M01oW0m0HeVa50sD13\" target=\"_blank\" rel=\"noopener\">Health insurance startup Oscar reports first half profit.<\/a><\/p>\n<p><a href=\"https:\/\/peakinsuranceadvisors.com\/wp-content\/uploads\/2018\/08\/Alphabet-Invests-in-Oscar.pdf\" target=\"_blank\" rel=\"noopener\">Click to view the original press release<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; It has just been announced that\u00a0Google\u2019s parent company, Alphabet, is planning to invest $375 million in Oscar. Alphabet has been a supporter of Oscar for years and this reflects an incredible vote of confidence in Oscar\u2019s unique ability to deliver a consumer-focused, tech-driven member experience in health care. This investment will allow Oscar to [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":5806,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"mc4wp_mailchimp_campaign":[],"footnotes":""},"categories":[345,339],"tags":[463,586,587,585,38,224,287,363,584,492,383],"class_list":["post-6043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-individual-health-insurance","category-small-business-health-insurance","tag-2018-health-insurance-options","tag-alphabet-inc","tag-alphabet-invests-in-oscar","tag-google","tag-health-insurance-broker-suffolk","tag-ny-group-health-insurance","tag-ny-group-health-insurance-broker","tag-ny-small-group-health-insurance","tag-oscar-individual-health-insurance","tag-oscar-insurance","tag-oscar-small-group-health-insurance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.4 (Yoast SEO v24.4) - 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