Loading ...
ubcnewsworld
Business & Economics
6
0
Dallas health insurance
Try Now
Log In
Pricing
2021 Shows Losses for Dallas Health Insurance Despite Revenue Gains Dallas health insurance providers welcome Oscar Health, a relatively new Affordable Care Act (ACA) Provider, with part of its coverage network in the Dallas Metro- Plex, has reported a $87 million loss in revenue despite having expanded into new markets. More information can be found at https://insurance4dallas.co m/health-insurance-dallas- tx/ Conversely, during last year’s first fiscal quarter, Oscar reported a quadrupling of revenue as membership grew in both existing and expanded markets and competes with health insurance in Dallas. At the time, Oscar also reported an increase in its total direct policy premiums. Oscar CEO and co-founder Mario Schlosser still expressed optimism about the company’s overall growth, stating, We achieved very attractive first quarter growth while simultaneously lowering our medical loss ratio and administrative cost ratio year- over-year. This trend, coupled with the recent launch of +Oscar, positions our company well for continued sustainable growth and improving profitability Rick Thornton, a Dallas health insurance agents, attributes an overall increased enrollment with ACA providers to the current presidential administration’s Special Enrollment Period (SEP) for those impacted by the COVID-19 pandemic. This SEP provides additional time for eligible patients to sign up for the Affordable Care Act, with the end-goal of providing health insurance coverage to Americans who have had both their lives and finances disrupted by the pandemic. Contact Us At: http://insurance4dallas.com/ dallas-health-insurance- agent
