Salem Radio Network News Tuesday, October 3, 2023


Oscar Health names former Aetna head Mark Bertolini as CEO

(Reuters) -Oscar Health Inc on Tuesday named Mark Bertolini as chief executive officer, replacing Mario Schlosser, sending the health insurer’s shares up 34% in premarket trading.

Bertolini was previously the chief executive of health insurance giant Aetna Inc, which is now a part of CVS Health Corp.

Bertolini sold Aetna to CVS in 2018 for nearly $70 billion.

Schlosser, who co-founded Oscar Health in 2012 with Joshua Kushner, will now report to Bertolini as the new president of technology.

Oscar Health’s shares were trading at $4.83 before the bell on the New York Stock Exchange.

(Reporting by Sriparna Roy in Bengaluru; Editing by Shounak Dasgupta)


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