✉news BusinessPersonal Finance first seen 11 h ago, last 55 min ago, peak #28
Oura Seeks $2 Billion in IPO as Medicare Coverage Stays Out of Reach
Original: Oura Smart Ring Wants $2 Billion From Its IPO. Original Medicare Still Pays $0 for the Health-Tracking Gear
Smart ring maker Oura is reportedly aiming to raise around $2 billion in an initial public offering, a milestone moment for the health-tracking wearables company. At the same time, original Medicare continues to pay nothing for consumer health-tracking rings, meaning beneficiaries who want the device must cover the full cost themselves. Commentators are highlighting the gap between the company's market ambitions and the limits of insurance reimbursement in the United States.
Why now: News of Oura's multi-billion-dollar IPO plans is drawing attention to how consumer health wearables are valued versus what insurers like Medicare will actually pay for them.
Rank over time, top of the chart is #1. 4 snapshots from 5 h ago to 55 min ago.
Evidence
- Oura Smart Ring Wants $2 Billion From Its IPO. Original Medicare Still Pays $0 for the Health-Tracking Gear · 24/7 Wall St.
API: https://socialmediatrends-api.osmike.com/v1/trends/1748306