Oscar Health Stock Sinks Amid This Second-Half Risk

Oscar Health (OSCR) dived Thursday morning, despite reporting better-than-expected earnings and raising its full-year outlook. OSCR stock initially rallied on the report but later turned sharply lower. The trigger may have been the earnings call discussion about second-half uncertainty regarding Affordable Care Act Marketplace healthcare utilization and associated risk-adjustment payments. The overall tone of the conference call was upbeat. Overhead…