Insurtechs like Bright Health Group, Clover Health and Oscar Health set out to disrupt health insurance but have they actually done so? Not in a positive way, several experts say.
UnitedHealth Group was the most profitable insurer and Bright Health Group was the least. Here's how publicly traded insurers fared during 2023's first quarter.
Operator: Good afternoon. My name is Lisa, and I will be your conference operator today. At this time, I would like to welcome everyone to Oscar Health 2023 First Quarter Earnings Conference Call. .
For the quarter ended March 31, 2023:
Direct and Assumed Policy Premiums of $1.7 billion, a 2% increase YoY
Premms earned of $1.4 billion, a 50% increase YoY
Medical Loss Ratio of 76.3%, a. | May 9, 2023