Oscar Health Lowers Medical Cost Outlook. Here's The Caveat.

Oscar Health (OSCR) raised its full-year earnings outlook while lowering its expected medical costs to cover benefits for its nearly 3 million Affordable Care Act exchange members. OSCR stock climbed in early Wednesday stock market action ahead of its 9 a.m. ET investor conference. Oscar, which made an aggressive play to gain ACA market share, has seen enrollment surge 47%…