Oscar is a health insurance company that employs technology, design, and data to humanize health care. The Oscar team is focused on utilizing technology, design and data to humanize healthcare. We're a group of technology and healthcare professionals who looked at the current state of the US healthcare system, got frustrated by the horrible consumer experience, and decided to do something big about it.
Backed by a renowned set of investors and advisors, Oscar is set out to revolutionize healthcare.
Oscar Health was founded in 2012 by Mario Schlosser, Josh Kushner (younger brother of Jared Kushner) and Kevin Nazemi, who were classmates at Harvard Business School. Schlosser and Kushner were inspired to start the company after interacting with a complicated hospital billing system in 2012 (Schlosser for his wife’s pregnancy, and Kushner for his sprained ankle). They named the company Oscar after Kushner's great-grandfather, in order to bring a human element to the ethos of the healthcare company.
Oscar has a Total Funding of $727.5M in 6 Rounds. The company raised $400M from Fidelity Investments and 7 other investors in their last Private Equity Round on Feb 22, 2016.