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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

Dan Primack, author of Pro Rata
Nov 18, 2020 - Economy & Business

The pandemic's startup saviors

Illustration: Sarah Grillo/Axios

Plenty of garbage startups have been funded over the past decade, including a couple of outright frauds — and tech innovation doesn't always move as linearly as we'd like, or replicate the future as imagined by TV scriptwriters.

Yes, but: While startups and their investors were being bashed on social media, at least a few of them were laying the building blocks for technologies that could help let humanity recover its ability to work, play and spend time with loved ones.

Updated 6 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Hospital crisis deepens as holiday season nears.
  2. Vaccine: Moderna to file for FDA emergency use authorizationVaccinating rural America won't be easy — Being last in the vaccine queue is young people's next big COVID test.
  3. Politics: Bipartisan group of senators seeks stimulus dealChuck Grassley returns to Senate after recovering from COVID-19.
  4. Economy: Wall Street wonders how bad economy has to get for Congress to act.
  5. 🎧 Podcast: The state of play of the top vaccines.
2 hours ago - Politics & Policy

Bipartisan group of senators seeks coronavirus stimulus deal

Sens. Joe Manchin (D-W.V.) and Susan Collins (R-Maine). Photo: Drew Angerer/Getty Images

At least eight Republican and Democratic senators have formed an informal working group aimed at securing new coronavirus spending during the lame-duck session, a move favored by President-elect Biden, two sources familiar with the group tell Axios.

Why it matters: It may be the most significant bipartisan step toward COVID relief in months.

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