Oscar Health CEO Says Health Care Needs to Be Consumer-Driven

The video discusses Oscar's achievements in 2018, including significant revenue and membership growth despite regulatory challenges. It highlights the importance of consumer-driven healthcare markets and addresses the high healthcare costs in the US compared to other countries. Oscar's innovative approach to reducing costs through integrated networks and partnerships is also explored.

What were Oscar's key achievements in 2018?

• Generating a billion dollars in revenue and signing up 250,000 members

• Launching a new product line and expanding internationally

• Reducing operational costs by 50% and increasing profits

• Partnering with major hospitals and clinics across the country

What is a guiding principle for improving healthcare according to the transcript?

• Consumer-driven markets

• Government-driven markets

• Hospital-driven markets

• Insurance-driven markets

How did Oscar's membership change from 2017 to 2018?

• It doubled to 200,000 members

• It decreased by 50,000 members

• It remained the same

• It grew from 100,000 to 250,000 members

What is a significant issue with US healthcare costs mentioned in the transcript?

• The US spends 1/5 of its GDP on healthcare

• Healthcare costs are not a concern in the US

• The US spends less than 10% of its GDP on healthcare

• Healthcare costs are lower than in other countries

What strategy did Oscar implement to reduce healthcare costs?

• Partnering with international insurance companies

• Increasing premiums for all members

• Launching the Clinic Oscar plan

• Reducing the number of available plans