Oscar Health’s individual exchange membership grew 45% year over year.
The insurer reported its first-quarter 2025 earnings May 7. The company posted $275.2 million in net income in the first quarter, up 55% from the same time last year.
Here are five things to know:
- Oscar Health had 2 million members at the end of first-quarter 2025, up from 1.4 million in first-quarter 2024.
- The company reported $3 billion in revenue in first-quarter 2025, up from $2.1 billion in the same period last year. Membership growth was the main driver of increased revenue, according to Oscar’s earnings release.
- Oscar Health laid out plans to double membership by 2027. In June 2024, CEO Mark Bertolini said the company plans to enter 150 new metropolitan areas by 2027.
- Oscar reported its first-ever quarterly profit in May 2024.
- Enhanced subsidies have spurred record enrollment on the ACA exchanges. These subsidies are set to expire at the end of 2025, unless Congress extends them.
