Existing members who are renewing coverage for 2023 and new members who enrolled prior to Dec. 13 will not be affected, the company said in a news release.
In third-quarter regulatory filings, published Nov. 9, Oscar Health said it had “proactively engaged” CMS to help the company keep its membership levels manageable following the exit of other carriers from certain markets.
The company is targeting 1 million members in 2023, plus or minus 10 percent, according to the news release.
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 17–19 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.
