Tag: Bets

Posted in Business

Oscar Health bets on virtual primary care

The coronavirus pandemic has driven interest in telehealth among patients and physicians like never before. Oscar Health is betting that the appetite for virtual care is here to stay.

The New York-based health insurance startup said Thursday that it will offer individual and family plan members in certain states a new option to receive all primary care services virtually, beginning in 2021.

Just like at a brick-and-mortar primary care practice, members who choose the option will see the same care team during each virtual visit. Each primary care visit, as well as generic and low-cost brand name prescription drugs, labs, and diagnostic imaging orders and the first specialist visits will cost the member nothing out of pocket. The option will be offered on all of Oscar’s health plans in areas of California, Florida, New York and Texas.

“The idea is that members will develop long-term relationships with clinicians that get

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Posted in Insurance

Boaz Weinstein Piles Up 90% Gain in Hamptons, Bets on More Chaos

(Bloomberg) — It’s a hedge-fund summer idyll: Chickens strut, tomatoes grow ripe and the Atlantic breeze floats over this Hamptons refuge like a sweet balm. Here, in socially distanced splendor, Boaz Weinstein is printing money.

As the pandemic consumes the outside world, Weinstein has repaired to his gated estate in Sagaponack, replete with tennis court, pool and a Vegas-style card room. When New York shut down, he left his office in the Chrysler Building and decamped to Long Island, like others from high-caste Manhattan. Unlike much of that crowd, however, Weinstein has settled here to make money — lots of it.

He’s added to his profits every month this year, trading credit and derivatives of companies including Wirecard AG, retailers Staples Inc. and Macy’s Inc. and loading up on cheap closed-end mutual funds. That’s helped him outperform all of his hedge fund peers, generating an eye-popping 90% gain in his

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