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What to know about insurtech earnings
Oscar Health and Clover Health have generated a ton of hype with their promises to make health insurance more efficient with tech, but they’re still proving the financial merits of their models, analysts say. Both have seen dismal stock performances since their closely watched entrances into the public market, and they’re still grasping for profits despite increasing membership and revenues. In a new story, Cowen’s Gary Taylor tells Mohana that their stock performance belies investor skepticism, and that it’s not yet clear that sophisticated software can actually cut medical loss ratios or help turn profits.
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