Rick Thornton, a Dallas health insurance agent, weighs in on ACA Provider, Oscar Health’s, most recent fiscal report.
Dallas, United States - May 22, 2021 /PressCable/ —
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.com/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 agent, 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.
While the Special Enrollment Period was initially set to end April 30th, 2021 it has recently been extended to August 15th of the same year, giving those impacted by COVID-19 additional time to sign up for ACA coverage if they are eligible.
Insurance4Dallas, (I4D), helps insure all of Texas, Oklahoma, Arkansas, Arizona, Louisiana, New Mexico, Alabama, Virginia and Florida. Insurance4Dallas provides consumers with detailed information on health insurance with the ability to purchase health insurance online. Insurance4Dallas provides a full spectrum of health, dental, vision, life and ancillary insurance products, providing a diverse selection of price and benefit options complemented by personal customer service. Available via phone, email or fax, Insurance4Dallas answers consumer questions throughout the purchasing process and during the utilization of its health insurance policies.
Contact Info:
Name: Rick Thornton
Email: Send Email
Organization: Insurance4Dallas
Address: 4516 Lovers Lane Suite 316, Dallas, TX 75225, United States
Phone: +1-972-219-6004
Website: http://insurance4dallas.com/dallas-health-insurance-agent
Source: PressCable
Release ID: 89017772
