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March 31, 2023

Former Aetna CEO Bertolini has new job with NYC health insurance upstart

Photo | Stuart Isett/Fortune, Flickr Creative Commons Mark Bertolini speaks at the Fortune Brainstorm Health conference.
By Greg Bordonaro

 The former high-profile CEO of Hartford health insurer Aetna has a new job leading an upstart New York insurance technology company that recently began doing business in Connecticut. 

Mark Bertolini this week was named the CEO of Oscar Health Inc., which offers health insurance plans and digital tools that aim to make coverage more accessible and easier to use. He begins in the role April 3. 

Earlier this month, Bertolini stepped down as co-CEO of another Connecticut company, Bridgewater Associates, the well-known hedge fund founded by Ray Dalio. 

Bertolini was one of Connecticut’s most high-profile corporate CEOs during his time running Aetna from 2011 to 2018. He initially spearheaded Aetna’s planned headquarters relocation from Hartford to New York City. 
That plan was halted after Bertolini struck a deal to sell Aetna to CVS Health. 

Bertolini takes over Oscar from co-founder Mario Schlosser, who will transition to president of technology, the company said.

Oscar entered the Connecticut market in 2021 through a partnership with health insurer Cigna. Together they launched a new small group insurance plan in the state targeted at employers with 50 or fewer workers.

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