A New Health Insurer Raises Funds After Rapid Growth

A new health insurer is betting that it can enter a crowded, but lucrative market. In the meantime, health care stocks helped markets surge Tuesday.

The New York Times' Dealbook: Oscar, A New Health Insurer, Raises $30 Million 
Most of the darlings of the last few years have been consumer-focused start-ups, like Instagram and Warby Parker. But a group of investors, including the venture capitalist Joshua Kushner, are doubling down on a bet on health insurance. Oscar, a health insurer co-founded by Mr. Kushner, has raised $30 million in new capital from existing investors, the firm plans to disclose this week. The financing was led by the Founders Fund, the venture capital firm co-founded by Peter Thiel. It also includes Mr. Kushner’s firm, Thrive Capital, Khosla Ventures and General Catalyst Partners (De La Merced, 1/7).

The Associated Press: Health Care Stocks Lead Wall Street Uptick
Stocks rallied Tuesday, ending a slump that had ushered in the new year. The Standard and Poor's 500 index climbed the most in three weeks, led by gains for health care stocks. United­Health Group, the nation's largest health insurer, and Johnson & Johnson climbed on recommendations for brokerage firms (1/7).

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