US healthcare industry 'is now broken,' Oscar Health CEO

After UnitedHealthcare (UNH) CEO Brian Thompson was fatally shot in New York City last week, various health insurance providers have removed executives' biography pages from the corporate websites. NYPD investigators have found this shooting to be "a pre-meditated, pre-planned, targeted attack" as the manhunt for the assailant continues. This incident has sparked conversations among Americans, voicing outrage about their negative experiences with insurance providers and broader faults in the American healthcare system. Oscar Health (OSCR) CEO Mark Bertolini sits down with Seana Smith, Madison Mills, and Anjalee Khemlani on Yahoo Finance's Catalysts, addressing some of the various frustrations Americans have with the state of the US healthcare system. "Well, the American public exists in a system that was designed 80 years ago after World War II," Bertolini, who also served as the CEO of Aetna from 2010 to 2018, explains: "And I think that system is largely now broken, and it has been broken for some time. I've been an advocate for change for a long time, and believe that we have ways to get it better in this country. And I think it largely starts with making sure our healthcare system meets the needs of individuals, not the needs of groups. And right now, our system in large-part is built around meeting the needs of groups."
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