Oscar Health (OSCR) stock dropped 9.78% due to increased audits on Medicare Advantage insurers

From Yahoo Finance: 2025-05-21 20:31:00

On Wednesday, Oscar Health, Inc. (OSCR) saw its share prices drop 9.78% to $14.86 as investors reacted to news of increased audits on insurance firms offering Medicare Advantage by the Trump administration. The Centers for Medicare and Medicaid Services plan to employ 2,000 encoders to ensure claims align with patients’ medical records, potentially saving taxpayers $500 million annually.

Oscar Health, Inc. (OSCR) reported a 55% increase in net income to $275 million and a 42% rise in revenues to $3.05 billion compared to the previous year. Despite the positive financial results, OSCR ranks 3rd on the list of firms with declining stocks. Investors are advised to explore AI stocks for potentially higher returns in a shorter timeframe.



Read more at Yahoo Finance: Why Oscar Health, Inc. (OSCR) Crashed Today