Google Bets $375M On Medicare Advantage With Oscar Health Stake [Forbes]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Forbes
Bruce Japsen Contributor i Healthcare I write about healthcare business and policy Tweet This A pedestrian walks past signage at Google Inc. headquarters in Mountain View, California, U.S., on Wednesday, April 25, 2018. Photographer: David Paul Morris/Bloomberg News from Oscar Health that Google-parent Alphabet plans to invest $375 million into the health insurer is the latest big bet on the privatization of Medicare. Oscar said Alphabet plans to invest $375 million into Oscar Health, which will use the money to jump into Medicare Advantage , an increasingly popular form of health insurance seniors are flocking to and policy-makers are easing regulations to expand. “Oscar will accelerate the pursuit of its mission: to make our health care system work for consumers,” Oscar Health CEO and co-founder Mario Schlosser said Tuesday morning in a statement. Oscar's other co-founder is Josh
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