Actuarial Outpost
 
Go Back   Actuarial Outpost > Actuarial Discussion Forum > Health - Disability
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions


Upload your resume securely at https://www.dwsimpson.com
to be contacted when new jobs meet your skills and objectives.


Reply
 
Thread Tools Search this Thread Display Modes
  #61  
Old 01-26-2016, 04:12 PM
lifishing007's Avatar
lifishing007 lifishing007 is offline
Member
SOA
 
Join Date: Feb 2009
Studying for Advanced
Posts: 2,705
Default

Quote:
Originally Posted by Le Bernardin View Post


Oscar raised more money and is now valued at 3B

It's doubled it's value in less than a year.
Based on my limit understanding of the company, I wont' see Oscar as next unicorn until it returns profit. Oscar's plan performance is very similar to the COOP except that the venture capital provides them a safety zone.

I do admire its effort to build a tele-medicine network.
__________________
Exam: GHCORE GHADV GHSPE
Module: HF FE PRFM DMAC
Reply With Quote
  #62  
Old 01-27-2016, 11:52 AM
Dr T Non-Fan Dr T Non-Fan is offline
Member
SOA AAA
 
Join Date: Sep 2001
Location: Just outside of Nowhere
Posts: 92,691
Default

Quote:
Originally Posted by lifishing007 View Post
I do admire its effort to build a tele-medicine network.
Probably should focus on this, and sell the service to the real insurers.
__________________
"Facebook is a toilet." -- LWTwJO
Reply With Quote
  #63  
Old 01-27-2016, 01:54 PM
lifishing007's Avatar
lifishing007 lifishing007 is offline
Member
SOA
 
Join Date: Feb 2009
Studying for Advanced
Posts: 2,705
Default

Quote:
Originally Posted by Dr T Non-Fan View Post
Probably should focus on this, and sell the service to the real insurers.
Yup, I see them more successful as TPA than being an insurer. Imagine the influence on the tech employees of their geeky insurance package.
__________________
Exam: GHCORE GHADV GHSPE
Module: HF FE PRFM DMAC
Reply With Quote
  #64  
Old 01-27-2016, 02:11 PM
Guest
Guest
 
Posts: n/a
Default

This company is bleeding money as an insurer. That is pretty awful, yet people are treating these losses as they would a normal tech company.
Reply With Quote
  #65  
Old 01-27-2016, 02:16 PM
erosewater's Avatar
erosewater erosewater is offline
Member
 
Join Date: Aug 2003
Location: my mom's basement
Studying for your mom
Favorite beer: Schlitz
Posts: 66,685
Default

Quote:
Originally Posted by Dismal Science View Post
This company is bleeding money as an insurer. That is pretty awful, yet people are treating these losses as they would a normal tech company.
I was curious about that, like are the people who are putting up capital the typical startup/VC types who don't see a company that is bleeding money early on as a bad thing because they are used to funding tech companies?
Reply With Quote
  #66  
Old 01-27-2016, 04:27 PM
lifishing007's Avatar
lifishing007 lifishing007 is offline
Member
SOA
 
Join Date: Feb 2009
Studying for Advanced
Posts: 2,705
Default

Quote:
Originally Posted by erosewater View Post
I was curious about that, like are the people who are putting up capital the typical startup/VC types who don't see a company that is bleeding money early on as a bad thing because they are used to funding tech companies?
One of the owner funds with his own venture capital firm.

Yes, they must have thought technology/big data can solve the healthcare problem, only find out later that they learned the hard way.
__________________
Exam: GHCORE GHADV GHSPE
Module: HF FE PRFM DMAC
Reply With Quote
  #67  
Old 01-29-2016, 04:33 PM
Byram Byram is offline
Member
SOA
 
Join Date: Jan 2012
Location: MA, USA
Studying for GH Track
College: University of Connecticut
Favorite beer: Delirium Tremens
Posts: 225
Default

Quote:
Originally Posted by Dr T Non-Fan View Post
Probably should focus on this, and sell the service to the real insurers.
I've heard this is what they tried at first, and were turned down.

I honestly don't think it's far-fetched to think that a large tech company (e.g. Google) may come along at some point when they've hit a certain membership benchmark and offer to just swallow them up.
Reply With Quote
  #68  
Old 01-29-2016, 04:47 PM
Guest
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Byram View Post
I've heard this is what they tried at first, and were turned down.

I honestly don't think it's far-fetched to think that a large tech company (e.g. Google) may come along at some point when they've hit a certain membership benchmark and offer to just swallow them up.
I don't ever see that happening. It is a completely different business.

Best case scenario a large health insurer would buy them - but I doubt that will happen either considering they offer nothing but technology (which the big carriers already have).
Reply With Quote
  #69  
Old 01-29-2016, 05:28 PM
Dr T Non-Fan Dr T Non-Fan is offline
Member
SOA AAA
 
Join Date: Sep 2001
Location: Just outside of Nowhere
Posts: 92,691
Default

Quote:
Originally Posted by Dismal Science View Post
I don't ever see that happening. It is a completely different business.

Best case scenario a large health insurer would buy them - but I doubt that will happen either considering they offer nothing but technology (which the big carriers already have).
A big carrier with advanced technology would be pretty dominant.
Currently, the big carriers have only the big stick of volume to whack at providers to increase discounts.
The major claims drivers (heart-, pancreas-, lung-related issues) are already identified and are managed/controlled as best as they can be.

Next phase should be integrated insurance/health delivery systems. No one seems to want to make the first move, though.
__________________
"Facebook is a toilet." -- LWTwJO
Reply With Quote
  #70  
Old 01-29-2016, 06:33 PM
JMO's Avatar
JMO JMO is offline
Carol Marler
Non-Actuary
 
Join Date: Sep 2001
Location: Back home again in Indiana
Studying for Nothing actuarial.
Posts: 37,428
Default

Quote:
Originally Posted by Dr T Non-Fan View Post
A big carrier with advanced technology would be pretty dominant.
Currently, the big carriers have only the big stick of volume to whack at providers to increase discounts.
The major claims drivers (heart-, pancreas-, lung-related issues) are already identified and are managed/controlled as best as they can be.

Next phase should be integrated insurance/health delivery systems. No one seems to want to make the first move, though.
AAaarrgghhHH!
Socialized medicine?
__________________
Carol Marler, "Just My Opinion"

Pluto is no longer a planet and I am no longer an actuary. Please take my opinions as non-actuarial.


My latest favorite quotes, updated Apr 5, 2018.

Spoiler:
I should keep these four permanently.
Quote:
Originally Posted by rekrap View Post
JMO is right
Quote:
Originally Posted by campbell View Post
I agree with JMO.
Quote:
Originally Posted by Westley View Post
And def agree w/ JMO.
Quote:
Originally Posted by MG View Post
This. And everything else JMO wrote.
And this all purpose permanent quote:
Quote:
Originally Posted by Dr T Non-Fan View Post
Yup, it is always someone else's fault.
MORE:
All purpose response for careers forum:
Quote:
Originally Posted by DoctorNo View Post
Depends upon the employer and the situation.
Quote:
Originally Posted by Sredni Vashtar View Post
I feel like ERM is 90% buzzwords, and that the underlying agenda is to make sure at least one of your Corporate Officers is not dumb.
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 08:13 AM.


Powered by vBulletin®
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.25733 seconds with 9 queries