Jim Cramer’s Lightning Round: 9 Stocks in Spotlight

3. Oscar Health, Inc. (NYSE:OSCR)

Number of Hedge Fund Holders: 45

When asked about Oscar Health, Inc. (NYSE:OSCR) during a recent lightning round, Cramer said:

“I have to tell you that until I saw that Mark Bertolini is the CEO, I didn’t really have much in store for this, but Bertolini is a winner and a hitter.”

Oscar Health. (NYSE:OSCR) is a U.S.-based health insurance company offering individual and small group plans, along with a technology platform, +Oscar, that supports value-based care and provides reinsurance products. The company has been under the leadership of Mark Bertolini, who became CEO a year ago. With him at the helm, it has made strides toward achieving profitability.

The company is no longer focusing on a single approach to growth. Instead, it is diversifying its efforts and has identified new growth opportunities, particularly in the Health Reimbursement Arrangement (HRA) space. This program allows smaller businesses to reimburse employees for insurance premiums and out-of-pocket expenses, and it has seen increasing adoption in recent years.

Bertolini aims to position Oscar Health. (NYSE:OSCR) as the leading choice for businesses offering Individual Coverage Health Reimbursement Arrangements (ICHRA), especially as more states enact laws to facilitate this type of employee benefit. Reflecting on the broader landscape, Bertolini noted a shift in the direction of policy at both the state and federal levels. He pointed out that policymakers are moving beyond efforts to “repeal and replace” existing systems and are instead focusing on creating solutions to improve the healthcare marketplaces and better serve the American population.