The Obamacare-focused insurance company founded by Jared Kushner's brother has made a new move to survive as the GOP healthcare bill looms

pulse

June 15, 2017 3:56 PM

Oscar Health, the $2.7 billion health-insurance startup, is going to start offering health insurance plans alongside the Cleveland Clinic in Ohio.

Oscar Health CEO Mario Schlosser

Oscar Health, the $2.7 billion health-insurance startup, is going to start offering health insurance plans alongside the Cleveland Clinic in Ohio for the first time.

Oscar was co-founded by Josh Kushner, whose brother Jared is one of President Donald Trump's senior advisers. The health insurer originally focused on offering insurance through the Obamacare exchanges. The new plans with the Cleveland Clinic, a 96-year-old academic medical center, will also be offered on the exchanges.

This is the first time the Cleveland Clinic will be offering a health insurance plan under its name.

The move comes at a time when there's a lot of uncertainty about the future of healthcare in the US. In May, the House passed the GOP's Obamacare replacement bill, and Senate Republicans are quietly crafting their own bill. If either one becomes law, it could drastically upend the individual exchanges that are Oscar's bread and butter.

Oscar's chief technology officer Alan Warren told Business Insider that the company has seen things stabilize. And, if a new law replaces the Affordable Care Act, Warren said it won't change anything about the co-branded Cleveland Clinic health plans.

For now, the plans are just for individuals, but Warren said the hope is to expand into the small group market as well.

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