Startup insurer Oscar Health to to sell Obamacare plans in six new US states

American health insurance Oscar Health will roll out its biggest expansion of health insurance yet, expanding to 12 new markets and six new states to sell coverage for individuals and families in 2020.

The move, which is subject to regulatory approval, will expand the company’s total geographic footprint to 15 states and 26 markets.

It marks the third succeeding year of Oscar’s business expansion.

Oscar currently sells individual Obamacare coverage in 14 markets in 9 states: New York, New Jersey, California, Tennessee, Ohio, Texas, Florida, Michigan and Arizona. Oscar now has 260,000 health plan enrollees across the country.

On Thursday, Oscar said it will expand in Florida to Miami, Tampa, Ocala and Daytona.

Additionally, the New York-based health insurer will expand to Philadelphia, Pennsylvania in Denver, Colorado; and Richmond markets in Virginia.

Furthermore, the insurer will enter Atlanta, Georgia; and the Kansas City metropolitan area across Missouri and Kansas.

Oscar will expand in Houston in Texas besides foraying into a number of counties in Western Michigan.

Oscar CEO and co-founder Mario Schlosser said: “Oscar’s expansion proves that our commitment to making health care easy — by developing seamless technology and providing personalised support — is working.

“I have never been prouder of the work Oscar is doing to positively impact our members’ lives. We look forward to serving our new and current members in 2020.”

Concurrently, Oscar will also roll out Medicare Advantage plans in New York in collaboration with Montefiore Health System. The plan was first revealed in July this year.

Oscar Health, which raised $165m from Alphabet in March 2018 at a valuation of $3.2bn, will also launch the plan in Houston, Texas.