Oscar Health Reaches 3.2 Million Members, Targets $19 Billion Revenue in 2026

1 articles · Updated · The Motley Fool · May 29

Oscar Health said paying membership climbed to 3.2 million last quarter from 2 million a year earlier, outpacing growth in the ACA individual market and supporting its 2026 revenue target of up to $19 billion.
The insurer attributes that gain to its cloud-first digital platform and its focus on ACA marketplace plans, where about 20 million Americans now buy coverage directly.
Oscar is also pushing employer-funded individual contribution plans, which management sees as a route into a much larger market spanning 75 million small and midsize businesses.
Scale and technology are central to its profit case: Oscar reported $700 million in operating income last quarter and guided for $250 million to $450 million in operating earnings for 2026.
The company is pitching itself as a share gainer in the $1.6 trillion U.S. health insurance market, with revenue up 2,770% since 2021 and longer-term ambitions well beyond its current membership base.