In a Wired interview, Oscar Health CEO Mario Schlosser said of the Alphabet influx of cash, “It's fantastic for us because it will really allow us to focus fully on the core model we've been building for the past 6 years, which is: use technology, use data, use design, use a human approach to build a very different health care experience,” adding, “And that's what this allows us to do.”

It's not the first time Alphabet has put money into Oscar, having done so through its venture capital fund Capital G and its health services spinoff Verily. But this move ups the ante, and although Wired says neither company offered specific figures, “it seems that Alphabet will now own roughly 10 percent of Oscar.”

The way Oscar is going about its business is by basically rebuilding its infrastructure. Schlosser told Wired, “We have our own claims system we've been building, we have our own clinical management system, we built our networks ourselves—pretty much everything that we do internally to manage people's health care was reinvented and rebuilt from a technology perspective.”

And it certainly sounds that way, with Schlosser saying about the Alphabet investment, “We can hire more engineers, we can hire more data scientists, more product designers, more smart clinicians who can think about health care a different way.”