In the wake of UnitedHealthcare CEO Brian Thompson's murder, former Aetna CEO Mark Bertolini suggests eliminating employer-sponsored insurance to address the U.S. healthcare system's inefficiencies. Bertolini, now CEO of Oscar Health, advocates for a model where employers contribute to individual plans tailored to employees' needs, rather than group plans. This approach aligns with Oscar's business model and aims to provide more personalized and cost-effective healthcare options. The current system, rooted in post-WWII economic policies, is seen as outdated and unsustainable, with healthcare costs now consuming nearly 20% of GDP.
Mark Bertolini, former Aetna CEO and current CEO of Oscar Health, advocates for eliminating employer-sponsored health insurance to address inefficiencies in the U.S. healthcare system. He suggests that individuals should select their own plans from a marketplace, as employer-sponsored plans often fail to meet personal needs and have become less effective in controlling costs. This proposal comes amid heightened frustration with the healthcare system, exacerbated by the recent murder of UnitedHealthcare CEO Brian Thompson. Bertolini's Oscar Health aims to expand its marketplace presence for individuals not covered by employer insurance.
Health insurer Oscar Health has announced that Mark Bertolini, former CEO of Aetna, will become its new CEO next month. The move comes as Oscar Health aims to become a profitable insurance business. Bertolini, who sold Aetna to CVS Health Corp in 2018 for nearly $70bn, will succeed Oscar Health co-founder Mario Schlosser, who will take on the new role of president of technology and report to Bertolini. The announcement sent Oscar Health's shares up by about 24%.
