We read Oscar Health’s public filing so you don’t have to

Hello,

Late Friday, Oscar Health dropped its S-1 filing as it prepares to go public. We read through the full 208-page document so you don’t have to. Here’s what we learned. Meanwhile, Clover Health is pushing back after a short report put it in the hot seat, 

Also in healthcare news: How a Black founder raised $5 million for a startup investors said was too niche, and the ways rich people are gaming the vaccine system.  

Oscar Health, the original buzzy health insurance startup, has filed to go public. We pored over its 208-page filing to find 4 key takeaways.

• Oscar Health, the insurer founded by Joshua Kushner and Mario Schlosser, has filed to go public.
• Its S-1 filing lays out its financials and reveals its dual-class stock structure that allows cofounders to keep control.
• We pored over its 208-page filing to find the key takeaways. 

Read the full story from Shelby Livingston here>>

Investors told this Black founder that BIPOC-geared teletherapy was too niche. Here’s how Kevin Dedner raised $5 million to start Hurdle anyway.

• Hurdle, a digital health platform offering culturally competent therapists, raised a $5 million seed round in January.
• Hurdle addresses the unmet need of BIPOC mental health patients in a system that’s not designed for everyone.
• Founder Kevin Dedner struggled to find funding, with investors telling him Hurdle’s offerings were too niche to turn a profit.

Read the full story from Patricia Kelly Yeo here>>

Some rich people are gaming the system to get COVID-19 vaccines using hefty donations and cozy relationships with CEOs

• The COVID-19 vaccine rollout in America has been a discombobulated mess.
• The rich have taken advantage of loopholes, using money and connections to jump the line.
• Poorer people and communities of color have been left behind, despite having higher COVID-19 rates.

Read the full story from Julia Naftulin and Allana Akhtar here>>

More stories we're reading:

• A health insurer backed by Chamath Palihapitiya is in the hot seat after a scathing short-seller report. Here's how Clover Health responded to 4 of the biggest claims. (Insider)
• What's coming next for COVID-19 vaccines? Here's the latest on 11 leading programs. (Insider)
• The CDC paid $44 million for a vaccine software system to help with the rollout. Most states have abandoned it by now. (MIT Technology Review)
• Fauci explains why you should keep wearing a face mask after receiving a COVID-19 shot (Insider)
• A woman who is breastfeeding was denied a COVID-19 vaccine after a county in Illinois said it wouldn't give it to pregnant or breastfeeding moms (Chicago Tribune)
• South Africa halted its AstraZeneca trial after a new analysis found it "provides minimal protection" from a new variant (Stat News)

- Lydia