Oscar Health Soars 6.69% Overnight: Why Investors Are Piling In

Oscar Health Inc., a health insurance company backed by Jared Kushner, has seen a 6.69% surge in after-hours trading following the US House of Representatives' passage of a bill extending healthcare subsidies under the Affordable Care Act for three more years. The bill is expected to curb surging health insurance premiums for millions of Americans and improve the outlook for insurers like Oscar Health. The company's shares have risen 16.71% year-to-date.