Health insurance startup Oscar Health’s expansion into new markets paid off, enrolling more than 250,000 individual products under the Affordable Care Act for next year. Oscar’s growth is 150% ahead of this year’s total and comes despite Trump administration cuts to marketing and the open enrollment period. Oscar Health is also returning to New Jersey to sell individual health plans on public exchanges under the ACA. Oscar will enroll over 250,000 members, well over double our total from last year,” Oscar CEO Schlosser said Thursday. The larger players are scaling back or leaving the individual business after being unable to successfully manage the costs of sick patients signing up for coverage.

Source: Forbes December 21, 2017 15:37 UTC