Health insurer OSCAR says it has begun providing coverage for its customers who have chronic conditions, including cancer, heart disease and diabetes.
The insurer said it was working with several insurers and other health-care providers to provide the coverage.
The news comes amid growing calls for insurers to offer coverage to people with chronic illnesses, including some with the potentially deadly and chronic diseases, such as Alzheimer’s, Parkinson’s, multiple sclerosis and HIV.
In addition to offering coverage, OSCAR has raised the price of some of its products, including its health insurance and Medicare Advantage plans, to reflect the rising cost of these conditions.OSCAR CEO Richard DePasquale said the company is exploring ways to reduce the amount of the higher premiums that it is charging its customers.
The company’s health insurance, OSCO, was purchased in 2015 by UnitedHealth Group, which had been struggling to compete in a health care market dominated by Anthem and other major insurers.
OSCAR’s stock price has surged more than 60% this year.
The insurance is one of the companies that is providing coverage to some of the most expensive people in the country.
According to a recent study, people in Massachusetts have the highest costs of any state.
The Kaiser Family Foundation’s analysis of data from 2015-2016 found that people in Connecticut, Delaware, Florida, Indiana, Michigan, Minnesota, New Hampshire, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas and Wisconsin spend an average of more than $7,200 per year on health care.
The researchers said in their report that the average cost of living in a given state is about twice that of the national average.
The report also found that for every dollar of health care spending, people are 2.5% less likely to die.