Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on the day's biggest business stories
Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
Sign up for Axios NW Arkansas
Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters
Illustration: Annelise Capossela/Axios
Oscar Health, the health insurance company co-founded by Jared Kushner's brother, Joshua, has filed for an IPO and announced that Barack Obama's former campaign manager, David Plouffe, will join its board of directors.
Why it matters: Oscar Health is one of the highest-profile attempts at disrupting the health insurance sector.
Background: Oscar was launched to provide health insurance to individuals under the Affordable Care Act, but has since diversified into other health insurance markets.
By the numbers:
- Revenue: The company brought in $1.67 billion in 2020, up from $1.04 billion in 2019. However it's net losses widened to $406.83 million in 2020, up from $261.18 million in 2019.
- Members: Oscar has a total of 402,044 insurance customers as of the end of 2020, with just under 2,000 being covered under Oscar's Medicare Advantage plan, while the rest are individuals or small groups. In 2019, it had a total of 229,818 members.
Oscar Health's top shareholders include Alphabet (Google's parent company), Fidelity, Formation8, Founders Fund, General Catalyst, Khosla Ventures, and Thrive Capital (Joshua Kushner's VC firm).
Editor's note: The story has been updated with additional details from the filing.