(Bloomberg) — Health insurance startup Oscar Insurance Corp. will reevaluate its approach to the Affordable Care Act after suffering significant losses under the U.S. program and will pull out of two markets next year.
Oscar, which pitches itself as a tech-savvy alternative to traditional health insurers, plans to end sales of Affordable Care Act plans in Dallas, a market it entered this year, and New Jersey. It’s part of a more conservative approach by the New York-based company as it plans to introduce insurance products for businesses next year.
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