halfdome (@halfdome) profile picture
Denver
Joined September 2008
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But no mention of $OSCR ? maybe we are early
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halfdome retweeted
$OSCR 10 DAYS TILL EARNINGS. AS PROMISED, PRE-EARNINGS VIDEO DROPPING TONIGHT!
$OSCR - 11 DAYS TILL EARNINGS $ZETA - 9 DAYS TILL EARNINGS $SOFI - 3 DAYS TILL EARNINGS $GRRR - 18 DAYS TILL EARNINGS My high concentration portfolio has a fun few weeks ahead…
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halfdome retweeted
$OSCR Currently trading at 0.458x P/S of 2026 guidance 250-450 million guide on profitability PLUS new 130 million positive PPD 380-580 million earnings from operations PLUS morbidity tracking better than expected Lets assume just over the higher end, at 650 million 650/19000=3.42% Op Margins… If 5% margins imply 1x P/S or higher… Then 3.42% margins imply 0.68x P/S or higher… MINIMUM That implies a 48.57% price increase to $41.57… MINIMUM This doesn’t account for a premium given from Lucie, +Oscar, ICHRAx, or the potentially for even higher operating margins in 2026… This also doesn’t account for 5% margins to likely happen in 2027… This doesn’t account for competitors leaving the marketplace, which Oscar has overlap with and picks up those members… This doesn’t account for the fact that ICHRA is becoming increasingly adopted… This doesn’t account for the fact that we will likely trade higher than recently across the board due to increasingly favorability on insurers… This also doesn’t account for the fact that $OSCR is one of, if not the, fastest growing health insurance company in the US. I am Long $OSCR , at $10-13 this was the “mother of all buys”, and at $28, it’s a good DCA, but not “all-in”… I do what I say. I have daily purchases currently, and will add heavier on dips.
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How could they not have $OSCR in the original table, The biggest winner of the trend? Let's fix this
Utilization across healthcare is rolling over - you want to own health insurance / value-based care stocks - particularly with high Medicare Advantage exposure.
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$OSCR up 50% in the last 6 days alone, bucking the broader markets weakness. Simply amazing.
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$OSCR $ELV $CNC $UNH $MOH Here's $OSCRs upside if it traded at fwd p/e of its peers
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$OSCR vs $UNH If the teens hit this summer, it’s LEAPS season. 🚀
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halfdome retweeted
$OSCR 👀 :)
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halfdome retweeted
$OSCR WOW. 56% of brokers are now actively recommending or implementing ICHRA 94% of employers have explored alternative cost-containment strategies Brokers reported an average estimated savings of 15.5% 89% of employees said their ICHRA coverage was better than their previous group plan
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halfdome retweeted
Something that seems to have not been spotted by FinX yet in the $OSCR bull case, 2 days ago Dr Oz at the CMS announced fees for carriers in the ACA market were reducing from 2.5% to 1.9% for Federal Marketplaces (FFE) and from 2.0% to 1.5% for State marketplaces (SBEs) for 2027? Why does this matter you might say, it's tiny! Here is why it does: 1) This is effectively a reversal back to 2025 pricing, CMS put the fees up for 2026 because they expected 30% reduction in market place size and needed to maintain income. So evidently, this bear case is now gone i.e. ACA shrinkage is minimal and we're hearing it indirectly from the horse's mouth 2) The fee is based on the gross premiums, that's before risk adjustment so disproportionally benefits Oscar who have a high risk adjustment of 20%. As an example a person paying $8.0k a year for coverage would appear on the revenue line for Oscar as $6.4k then incur a FFE CMS market place fee of $200 which is 3.125% and makes up that amount in the SG&A costs. This effect is now $152 so 2.375% falling into SG&A, this a 75 bps improvement on SG&A from the stroke of a pen or roughly one $ in twenty lower SG&A costs 3) "That's still immaterial" some will say, however a gold standard for ACA insurers is 5% margins, that means 15% more profit going from 5% margins to 5.75% margins and even more at the lower end when profits are only 2% or so of revenue 4) Oscar predominantly operate in the FFE markets, the SBEs are rates are down as well albeit marginally less, it will effectively have the same impact on the sub 10% of members Oscar hold in SBEs Mark B said this in the latest earnings call "taxes and fees are pretty much fixed for us based on the level of membership. It's 9%-10%. We're looking at the variable piece that we can manage versus that fixed piece, which we literally is sort of a tax for being in the game." so that 9% to 10% range, just dropped to 8% to 9% announcement in the link for the detail orientated folks cms.gov/newsroom/press-relea…
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For the second year, Oscar is proud to sponsor SureCo’s 2026 The State of ICHRA report. SureCo partnered with a third party to survey 1,500 finance leaders, employees, and benefits consultants at companies with 150-2,500 employees and pulled the clearest read we’ve seen on how fast the market is changing. And the headline is simple: when budgets are predictable and people can choose coverage that fits, everyone wins. That’s why more companies are taking a hard look at defined contribution. 🔗 See the full report: sureco.com/hubfs/SureCo%2020…
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For decades, employer-sponsored group plans have been the default for American workers. But the default isn’t always the best fit. Rising renewals, limited options, and burdensome admin put employers in the impossible position of choosing “one-size-fits-all” coverage for their employees. Now, a new model is gaining momentum: ICHRA (Individual Coverage Health Reimbursement Arrangement.) Employers set a predictable monthly budget, and employees use that buying power to shop the individual marketplace for plans that match their doctors and health needs. The data shift is promising: 60% of employees want to make the shift from group plans to ICHRA, and 94% of employers agree that switching was the right move.
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halfdome retweeted
$OSCR $25 CROSSED AGAIN!! Lol
$OSCR $25 HAS BEEN CROSSED. WOW.
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halfdome retweeted
$OSCR $25 HAS BEEN CROSSED. WOW.
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No third party platforms. The rents are not worth it. Our tech is cloud native, single platform with a data set that has one version of the truth.
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$OSCR's 70.5% is the lowest MLR of any carrier in Q1 2026, a 24.9pp QoQ drop from 95.4% The 24.9pp improvement is 3x larger than the next-best peer (CVS at 8.6pp) It's Miller Time! $CNC $MOH $CVS $HUM $ELV $UNH $CI
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$OSCR's 70.5% is the lowest MLR of any carrier in Q1 2026, a 24.9pp QoQ drop from 95.4% The 24.9pp improvement is 3x larger than the next-best peer (CVS at 8.6pp) It's Miller Time! $CNC $MOH $CVS $HUM $ELV $UNH $CI
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halfdome retweeted
$OSCR “Oscar Health is no longer just an insurer. Instead, it’s becoming the platform for the entire consumer-driven healthcare economy.” Just leaving this here.
On Oscar Health’s Q1 2026 earnings call, CEO Mark Bertolini (@mtbert ) laid out the vision for our new Lucie Health Marketplace. The big takeaway: Oscar Health is no longer just an insurer. Instead, it’s becoming the platform for the entire consumer-driven healthcare economy.
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"We have the biggest PPO at neural network rates. You ought to be going to us because you can't get the rates we get when you put all of our combined purchasing power together." Bertollini on the future impact of Lucie, ICHRA $OSCR
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