Is Oscar Health a Buy?

Zhiyuan Sun, The Motley Fool
·4-min read
Is Oscar Health a Buy?

Oscar Health's (NYSE: OSCR) initial public offering has proven to be a major flop despite having a top-rated health insurance business. Health insurance is a hypercompetitive industry. To acquire customers, Oscar Health is reinvesting a lot of its cash flows into growth, as well as reinsurance so the company could not be forced into bankruptcy if unforeseeable events led to a sudden rise in large medical claims.