15 days ago
10
2
Posted On: October 21st 2026, 10:02 pm
Oscar is our healthcare conviction.
Market consensus sees a health insurer growing into a shrinking market. We see the software layer American healthcare will run on. Membership is up 46% to 2.96 million while the broader ACA market contracted 12%. Second-quarter revenue rose 70% to $4.9 billion, the medical loss ratio fell from 91% to 79%, and management raised full-year operating earnings guidance to $600–800 million.
The honest tension: guidance implies a second-half operating loss as medical costs normalize, and the model lives on ACA policy. We know. We have made $30,000 on this name before. The position was up 115%, and we bought more at this level anyway. The adds pulled the blended gain back to 77%.
We own 1,235 shares.
We believe in the story. We believe in the future of healthcare.
The full research is free at the link in bio and Oscar will get its entire article when calmer waves come.
Market consensus sees a health insurer growing into a shrinking market. We see the software layer American healthcare will run on. Membership is up 46% to 2.96 million while the broader ACA market contracted 12%. Second-quarter revenue rose 70% to $4.9 billion, the medical loss ratio fell from 91% to 79%, and management raised full-year operating earnings guidance to $600–800 million.
The honest tension: guidance implies a second-half operating loss as medical costs normalize, and the model lives on ACA policy. We know. We have made $30,000 on this name before. The position was up 115%, and we bought more at this level anyway. The adds pulled the blended gain back to 77%.
We own 1,235 shares.
We believe in the story. We believe in the future of healthcare.
The full research is free at the link in bio and Oscar will get its entire article when calmer waves come.
More posts
