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Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

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Illustration: Aïda Amer/Axios

Oscar, the health insurance company co-founded in 2012 by Joshua Kushner and Mario Schlosser, has hired banks to help the firm go public in 2021, Axios has learned from multiple sources.

Background: Oscar was launched to provide health insurance to individuals under the Affordable Care Act, but has since diversified into other health insurance markets.

  • The New York-based company has raised around $1.5 billion in venture capital, including from Kushner's Thrive Capital, Alphabet and Founders Fund.
  • An Oscar spokesperson declined to comment.

The big picture: The startup IPO market is on fire, so it's not surprising to see Oscar move toward a public listing. That said, its fortunes could be tied a bit to the presidential election, since the winning candidate may work to enact major health insurance industry changes.

Go deeper

Cedar CEO: Consumers, employers drive change in health care pricing

Photo: Axios

Consumers and employers will drive changes in health care pricing and policy, Florian Otto, co-founder and CEO of Cedar, said on Tuesday at an Axios virtual event on the future of health care payments.

Why it matters: The U.S. spends more on health care than any other nation, but Americans do not enjoy better health outcomes. High health care costs affect how the country responds to major health crises — like the coronavirus — because people cannot afford to pay for testing or treatment, per the Washington Post.

46 mins ago - World

Netanyahu campaigns against Biden's plan to save Iran deal

Netanyahu campaigns at a gym last month. Photo: Pool/AFP via Getty

Israeli Prime Minister Benjamin Netanyahu indirectly criticized the Biden administration for its intention to return to the Iran nuclear deal and told his supporters he was prepared to "stand against the entire world" to stop it.

Why it matters: This is a major change of tune for Netanyahu, who had been careful in his statements on the Iran deal and avoided publicly criticizing President Biden. The statement was part of Netanyahu's attempt to rally his base ahead of Israel's election on March 23.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Tech: "Fludemic" model accurately maps COVID hotspotsVirtual doctor's visits and digital health tools take off.
  2. Politics: Schumer says Senate will stay through weekend to vote on COVID relief — Republican governor of West Virginia says there's no plan to lift mask mandate.
  3. World: Canada vaccine panel recommends 4 months between doses.
  4. Business: Firms develop new ways to inoculate the public.
  5. Local: Ultra-rich Florida community got vaccinations in January.

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