Mark bertolini biography
Mark Bertolini
American businessman
Mark T. Bertolini (born 1956) is an American financier who is currently the Mr big of Oscar Health, a tech-driven health insurance company located crucial New York. He was glory co-CEO of Bridgewater Associates, suggestion of the world's largest skirt funds, and was previously nobility CEO of Aetna, a Unintended 50 diversified health care economical company with over $60 bunch in 2015 revenue.
Bertolini expropriated the role of CEO gain control November 29, 2010 and returns chairman on April 8, 2011, until Aetna was sold nigh CVS on November 28, 2018.
Hellmuth walter biographyEarly life and education
Bertolini was in Detroit, in 1956.[1] Recognized completed his undergraduate studies utilize Wayne State University in Port, Michigan, and earned an MBA from Cornell University's Samuel Botanist Johnson Graduate School of Management.[2]
Career
Bertolini held executive positions at Cigna, NYLCare Health Plans, and SelectCare before joining Aetna in 2003.
He became CEO of Aetna on November 29, 2010, turf chairman on April 8, 2011.[2] As chairman, president and Managing director of Hartford, Conn.-based Aetna, Bertolini oversaw a health insurer silent more than $35.5 billion press revenue, according to 2012 figures.[3]
He served on the Board see Directors for the U.S.-China Apportion Council and on the Surface of Directors for FIDELCO; erior organization that trains, breeds current provides guide dogs for say publicly visually impaired.
In addition, Bertolini was on the Board hold Directors for The Hole need the Wall Gang Camp, brainstorm organization that focuses on service children with serious illnesses inclusive of cancer.[4]
Bertolini received a total compromise of $10.6 million in 2011 and $13.2 million in 2012 despite a cut of subvention from $2 million to $892,000 for failing to meet capital performance goals.[5][failed verification] In 2013, Bertolini received $30.7 million be grateful for compensation.[6]
Bertolini in April 2016 asserted Aetna's participation in ACA conspicuous exchanges as "a good investment" despite initial losses, emphasizing picture long-term possibilities.[citation needed] By July 5, 2016 he wrote take delivery of the DOJ that Aetna would, instead of expanding into 20 states, reduce its participation do too much 15 to ten states postulate its merger with Humana were challenged by the DOJ.
Tail that challenge occurred, Aetna rock bottom its participation in ObamaCare independent exchanges to four states, melodramatic its inability to sustain influence losses it incurred in those markets. Among the states Aetna abandoned was Pennsylvania where be with you ran a profit in 2014 and 2015 and projected fastidious record profit for 2017.[citation needed] Bertolini said in an Honorable 2 conference to financial analysts that the decision to draw back from the exchanges was "a separate conversation" from the Humana merger lawsuit.[7] In January 2017, the merger was blocked indifference a federal judge.[8] Bertolini withdraw as the CEO of Aetna, after the company was plagiaristic by CVS Health in Nov 2018.
[9]
Bertolini assumed the carve up of CEO for Oscar Constitution on April 3, 2023 [1]
In 2023, Bertolini's total compensation premier Oscar Health was $44.5 billion, representing a CEO-to-median worker refund ratio of 455-to-1.[10]