And $ 40 million the company raised is not really all goes to operations. Due to state regulations

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Oscar, the new startup based in New York from Josh Kushner of Thrive Capital, has finally launched. Their first comes as the U.S. government unveils new health insurance exchanges where consumers can choose plans.
The startup, backed with $ 40 million in funding, is an insurer itself and seeks to make the consumer experience less opaque. They launched four levels of plans for people of different oscar 2012 date income and family size. Here is an example of range plans for a childless person making oscar 2012 date $ 50,000 oscar 2012 date a year in New York - that might give you an idea of the target demographic Oscar. The plans range from $ 218 ro $ 365 per month.
One of the things they offer to differentiate themselves from other health oscar 2012 date insurers oscar 2012 date is the unlimited access to telemedicine. Customers should be able to call the doctors for any condition at any time. There is also free access to generic medicines in some respects.
Another thing they do is to use natural language processing to make reports with the appropriate physicians match patients' symptoms are. So if a patient complains of chest pain, the system must send doctors who may have the same expertise.
Oscar is actually a license operator health insurance in the state of New York, it is therefore oscar 2012 date not a kind of front-end. It also gives more power to be creative with all the experience of the consumer.
And $ 40 million the company raised is not really all goes to operations. Due to state regulations around the industry about $ 29 million of this tour is held in reserve. Only 11 million of the funding is really going to operations.