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Oscar Health (OSCR) Soars 12.88% on Medicare Reimbursement Jump
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. Oscar Health Inc. (NYSE:OSCR) is one of the 10 Stocks That Would Have Boosted Your Portfolios by Double Digits. Oscar Health extended its winning streak to a 6th straight day on Wednesday, jumping 12.88 percent to close at $14.64 apiece following news of higher reimbursement rates for Medicare Advantage plans for next year. Oscar Health Inc. (NYSE:OSCR) surged alongside its peers after the Centers for Medicare and Medicaid Services (CMS) announced earlier this week that it would raise to 2.48 percent in 2027 the reimbursement rates for Medicare plans, versus the mere 0.09 percent announced in January. Photo by Roger Brown on Pexels The higher rate would translate to more than $13 billion in additional payments for 2027. Oscar Health Inc. (NYSE:OSCR) is one of the leading insurance companies offering Medicare plans and is expected to benefit from the higher reimbursement rates. In other news, Oscar Health Inc. (NYSE:OSCR) said that it is scheduled to announce the results of its earnings performance in the first quarter of the year before market open on May 6. A conference call will be held to discuss the financial and operating highlights. For full-year 2026 alone, the company is targeting to grow its revenues by 60 to 62 percent to a range of $18.7 billion to $19 billion, versus $11.7 billion posted in 2025. While we acknowledge the potential of OSCR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.
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