Health Care’s Future with Mark Bertolini 12/12/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 12 December 2024

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

New bipartisan legislation in Washington aims to break up pharmacy benefit managers after years of scrutiny on PBMs from Congress and the FTC. Health care insurance executive Mark Bertolini is now CEO of Oscar Health, and he spent years leading Aetna and CVS Health. Today, he reflects on American health care, his vision for an improved system, and his own security detail in the wake of UnitedHealthcare CEO Brian Thompson’s murder. In a wide ranging and very personal conversation, Bertolini shares his experience with 18 years of chronic pain and the treatment that changed his life. Plus, Representative Josh Gottheimer (D-NJ) is explaining his edited Spotify wrapped, and Elon Musk is inching closer to trillionaire status, thanks to a new Tesla stock milestone. Mark Bertolini - 17:42 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie Preroll 00:00 ad 1 14:28 ad 2 36:18 TRT 36:44

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music, please.
0:04.3	Hi, I'm CNBC producer Katie Kramer.
0:07.2	Today on Squawk Pod.
0:09.3	Anger and Healthcare, a wide-ranging and personal conversation with health insurance executive Mark Bertolini.
0:15.7	The provision of health care, the actual investment in people's health, has changed dramatically
0:20.9	while the insurance industry hasn't and the way we buy health care hasn't.
0:24.9	He led Etna now leads Oscar Health, and he's got a vision for an improved American health system.
0:31.0	What would you do?
0:32.2	What I would do is I would eliminate employer-sponsored insurance.
0:34.9	You say that, and it stops my heart a little bit.
0:37.7	How Bertolini views his own security in the wake of the United Health Care CEO murder
0:42.1	and how his own chronic pain wore him down for 18 years. I just couldn't do it anymore. I was
0:48.2	exhausted. That important conversation today. Plus, in the markets, Tesla's helping nudge Elon Musk toward a milestone.
0:55.7	He will be a trillion. It could be. He could be the first. And one New Jersey congressman was born
1:01.3	to run, so he says. Springsteen kind of crosses party lines. It's Thursday, December 12th,
1:09.2	2024. Squawk pod begins right now.
1:13.6	Stand Becky by in three, two, one.
1:16.7	Cue, please.
1:18.4	Good morning, everybody, and welcome to Squackbox right here on CNBC.
1:22.6	We are live from the NASDAQ market site in Times Square.
1:25.4	I'm Becky Quick, along with Joe Kernan and Andrew Ross Sorkin.
1:29.0	Tesla, climbing now to a record high
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.