The US healthcare industry “is broken now,” says the CEO of Oscar Health

The US healthcare industry “is broken now,” says the CEO of Oscar Health

After UnitedHealthcare (UNH) CEO Brian Thompson was fatally shot in New York City last week, several health insurance companies have removed executive bio pages from company websites. NYPD investigators have determined that this shooting was “a premeditated, pre-planned, targeted attack,” as the manhunt for the attacker continues.

This incident sparked debate among Americans, expressing outrage over their negative experiences with insurance providers and broader failings in the American health care system.

Oscar Health (OSCR) CEO Mark Bertolini sits down with Seana Smith, Madison Mills and Anjalee Khemlani on Yahoo Finance’s Catalysts to discuss some of the various frustrations Americans have with the state of the U.S. healthcare system.

“Well, the American public exists in a system that was designed 80 years ago after World War II,” explains Bertolini, who was also CEO of Aetna from 2010 to 2018:

“And I think that system is largely broken now, and has been for some time. I have long been an advocate for change and believe we have opportunities to do better in this country. And I think.” It largely starts with ensuring that our health care system meets the needs of individuals rather than the needs of groups. And right now our system is largely designed to meet the needs of groups.

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This post was written by Luke Carberry Mogan.

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