Oct 24, 2017

Oscar is getting into Medicare Advantage

Oscar will move into the Medicare market. Photo: Oscar Health Insurance

Oscar Health Insurance is planning to keep branching out beyond the Affordable Care Act's individual markets. The startup insurance company has a job posting for an actuary who "will support the launch of our Medicare Advantage business."

An Oscar spokesperson said there was "nothing imminent" about the company's plans. But "Medicare Advantage is a market that qualifies" within Oscar's strategy of being a tech-driven insurer built around consumers. Oscar, which is losing money, already is expanding into employer coverage.

Why it matters: The ACA marketplaces aren't in the most stable condition right now. Medicare Advantage, however, enjoys bipartisan support and is flush with money. Oscar is yet another health care company that wants a piece of the Medicare pie and, like other insurers, could be hedging its ACA risk.

Go deeper

Pandemic and protests can't stop the stock market

Traders work on the floor of the NYSE. Photo: Spencer Platt/Getty Images.

United States equities were on pace to open higher Monday following big gains in Asia and Europe and a risk-on bid in currency markets.

Why it matters: Stock markets could continue to rise despite an unprecedented global pandemic, violent protests over police violence in the U.S. not seen since the 1960s, and spiking tensions between the world's two largest economies.

1 hour ago - Sports

The sports world speaks up about death of George Floyd

Celtics guard Jaylen Brown. Screenshot: Jaylen Brown/Instagram

There was a time when a months-long sports absence would have silenced athletes, leaving them without a platform to reach fans or make their voices heard.

Why it matters: But now that athletes boast massive social media followings and no longer need live game broadcasts or media outlets to reach millions, they're speaking out en masse amid protests over the death of George Floyd and other police-related killings of black people — delivering messages of frustration and unity, despite their leagues not currently operating.

The technology of witnessing brutality

Charging Alabama state troopers pass by fallen demonstrators in Selma on March 7, 1965. Photo: Bettmann/Getty Images

The ways Americans capture and share records of racist violence and police misconduct keep changing, but the pain of the underlying injustices they chronicle remains a stubborn constant.

Driving the news: After George Floyd's death at the hands of Minneapolis police sparked wide protests, Minnesota Gov. Tim Walz said, “Thank God a young person had a camera to video it."