A trail of red ink continues to stain Oscar Health Insurance. The startup lost $127 million on $229 million of revenue in 2017, according to newly filed financial documents. That equates to a somewhat higher net loss margin compared with Oscar's $205 million loss on $426 million of revenue in 2016.
Why it matters: Oscar, co-founded by Jared Kushner's brother, Josh, has raised more than $725 million in venture funding. But the company is still a small fish in the health insurance ocean, has failed to price its premiums correctly, and has struggled with bloated costs year after year.
While speaking at an opioids summit at the White House today, President Trump talked about the U.S. adopting stricter on penalties for people who illegally distribute drugs, including capital punishment. "Some countries ... have the ultimate penalty and they have much less of a drug problem then we do," Trump said, adding:
"If you shoot one person, they give you the death penalty. These people can kill two, three thousand people and nothing happens to them."
