Oscar Health Accuses Florida Blues Plan Of Broker Monopoly [Forbes]
Anthem, Inc. (ANTM)
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Source: Forbes
Mario Schlosser, chief executive officer and co-founder of Oscar Insurance Corp., stands for a photograph at the Oscar Center in the Brooklyn borough of New York, U.S., on Wednesday, Dec. 7, 2016. (Photographer: Kholood Eid/Bloomberg © 2017 Bloomberg Finance LP Oscar Health said it has filed a lawsuit against Florida Blue, accusing it of forcing brokers to sell its policies and hurting the ability of consumers to make more affordable choices. Florida is one of the many new markets Oscar is selling individual healthcare coverage under the Affordable Care Act for benefits that would begin in January 2019. Oscar has been 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 ACA coverage. But Oscar said its efforts to compete are being stymied by Florida Blue and its policy the prevents brokers from doing business
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