In Loss For Oscar, Judge Says Florida Blue Cross Can Use Its Brokers [Forbes]
Anthem, Inc. (ANTM)
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Source: Forbes
In Loss For Oscar, Judge Says Florida Blue Cross Can Use Its Brokers Photocredit: Getty Royalty Free A federal judge has ruled health insurer Florida Blue can use brokers to sell its plans while a lawsuit filed by rival Oscar wends its way through the court system. As part of Oscar’s suit ”We believe that we presented compelling evidence to the court, and are pleased that Judge Byron found in Florida Blue’s favor. :In fact, we have already filed a motion asking the Court to dismiss the lawsuit in its entirety.” Florida is a new market for Oscar, which sells individual healthcare coverage under the Affordable Care. Oscar has made a name for itself in part for expanding as other bigger insurers like Aetna, Anthem, Humana and UnitedHealth Group have left the ACA's individual Obamacare market after being unable to effectively manage the costs of Americans buying such coverage. But Oscar said its efforts to compete in Florida have been stymied by Florida Blue and that the insurer’s exclus
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