Operations
The insurer gave as reasons the return of the health insurance tax and the uncertain future for cost-sharing reduction payments.
Jon M. Huntsman also announced a $120 million commitment from the Huntsman family and Huntsman Cancer Foundation to HCI, the system said.
Oscar has filed to offer health insurance products in Ohio, Texas, New Jersey, Tennessee, California, and New York in 2018.
Factors include uncertainty over cost-sharing reduction payments and inadequate risk-mitigation programs.
Executive Vice President and Chief Operating Officer Charles D. Stokes will serve as interim President & CEO in addition to his current role.
Patients can consult with their doctor or a nurse practitioner as often they need to, typically for around $100 a month.
The health plans will be sold on the Ohio health insurance exchange as well as off the exchange starting in 2018.
The firing comes in the wake of failed efforts by a physician-led group to find a buyer for the Fort Wayne-based eight-hospital system.
The insurer is entering the exchange market in Nevada, Missouri and Kansas and is growing its presence in six other states.
Landlord ready to take over one of the nation's largest nursing home chains.