Oscar Health scores funds from Alphabet, readies insurance for seniors


Oscar Health, known for processing insurance claims, is ready to expand into more cities thanks to a financial boost from Google.

The New York-based startup, formed on the heels of the Affordable Care Act, received a $375 million investment from Alphabet Inc. (NASDAQ: GOOG), Google's parent company.

The funding will also assist Oscar's efforts to move into a new area of expertise: the Medicare Advantage market for seniors.

Oscar, co-founded by CEO Mario Schlosser and venture capitalist Josh Kushner,…

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