Mark T. Bertolini

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Last quote by Mark T. Bertolini

If they can prove they get 20 nights of sleep for seven hours or more in a row, we will give them $25 a night, up $500 a year. Being present in the workplace and making better decisions has a lot to do with our business fundamentals. You can't be prepared if you're half-asleep.feedback
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Nov 09 2017
This page is completely dedicated to what Mark T. Bertolini has to say. All of Mark T. Bertolini’s quotes are organized here by date and topic. The most recent quote attributed to Mark T. Bertolini came from an article called Aetna CEO says 'I am ashamed' of President Trump's 'behavior and comments': “I am ashamed of our President's behavior and comments. We all breathe the same air, we all want the same thing for our children's future, and we all aspire for the pursuit of happiness and good health for our families and friends. We are not a country of hate, and we are all judged by our own god based on the compassion and humanity we show others.”.
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Mark T. Bertolini quotes

Jun 21 2017 - Silicon Valley

We've opened up a technology center in Massachusetts, and we'll continue to add people there. We do have a presence in Silicon Valley, in Denver, in Salt Lake, in Texas – Austin, Texas. Places where people want to hang out.feedback

Jun 21 2017

We haven't told anybody where yet, but it will be sort of an investment in attracting different kinds of people into our organization. As we have to move away from being just an insurance company to actually impacting the underlying health of the population, that requires younger people, technologists, innovation.feedback

May 15 2017

If you look at Germany, they have four big funds that start with the base benefit from the German government and sell base buy-ups beyond that as a public private partnership.feedback

May 12 2017

I think government-run healthcare would be a bad idea.feedback

May 02 2017

Currently, as structured. We expect to lose around $200 million, $220 million this year on the exchanges, with only a a quarter of the membership we had last year. So we're evaluating the markets as we speak.feedback

May 02 2017

We will be notifying some other states shortly. We only have four states remaining, so our presence will be smaller than it is this year.feedback

May 02 2017 - Affordable Care Act

I don't think it's a matter of raising premiums on people with pre-existing conditions. I think people with pre-existing conditions, people under the age of 26, should get insurance. Anybody who applies should get insurance. I think the biggest program with the [Affordable Care Act] is how it is funded. If it were funded correctly, all these people could get coverage. If it's just funded on the premium basis without reinsurance, if cost-sharing reductions don't show up after September, none of it works.feedback

Jan 31 2017

So the analysis of 17 counties that were part of the complaint is really an interesting analysis, really, in the halls of justice. But in our business, we have to operate by state, and we made our decisions by state. We made our decisions based on forward-looking earnings for 2017, because we had to file our rates for '17 in April of 2016, and we are seeing a deterioration of those markets, as we expected, which would have created greater risk for us in 2017.feedback

Jan 31 2017 - Affordable Care Act

The biggest risk for us is that in the ACA we lost $450 million last year, $100 million more than we expected. The risk pools continue to deteriorate and we are still in a number of exchanges, with 240,000 members, of which half are still new. The Department of Justice and the courts look at things by county. As a business, we operate by state, we can't have an office in every county.feedback

Jan 31 2017

The nearest time we could have completely new program is 1/1/2019, so '18 would be a transition year, and we will look at it like that. On April 1, we will need to file rates for '18. And our assumption is that the plans will look the same as they do for '17. And we won't expect any changes until 2019. We have until Feb. 15 to make this decision. We're disappointed where we are now. But, you know, until Feb. 15 we really don't need to make that call.feedback

Jan 31 2017

If we're looking for a way to make [insurance plan] premiums more affordable, we have to address drug costs sooner rather than later.feedback

Jan 31 2017

Costs in drugs are the fastest rising cost that we see across the spectrum. In drugs, we are seeing double-digit increases year over year, largely driven by specialty drugs. We have to find a solution to make these programs more affordable.feedback

Jan 24 2017

We continue to believe a combined company will create access to higher-quality and more affordable care, and deliver a better overall experience for those we serve.feedback

Dec 12 2016

I wasn't aware there was 17 counties until my deposition.feedback

Dec 09 2016

We were responding to their questions.feedback

Dec 09 2016

If the DOJ sues to enjoin the transaction, we will immediately take action to reduce our 2017 exchange footprint.feedback

Dec 09 2016

We're really competing for the 11,000 people that retire every day.feedback

Dec 09 2016

We've got to stop the bleeding.feedback

Nov 15 2016

Because what's going to happen in the next year? We have people signed up; we have to honor that through 2017. We'll have to work quickly to have something for 2018.feedback

Nov 15 2016

You can't put them out on the street without insurance.feedback

Nov 15 2016

We started with a fresh piece of paper yesterday. We had no idea how to approach it.feedback

Aug 18 2016

What we're finding is third parties, who have to either provide coupons or discounts, or these drugs for free, are signing up people to the exchanges, through the enrollment system and paying the bills for them – whatever their out of pocket costs are – and moving the costs of those drugs from their own programs to ours.feedback

Aug 17 2016

Our ability to withstand these losses is dependent on our achieving anticipated synergies in the Humana acquisition. Unfortunately, a challenge by the DOJ to that acquisition and/or the DOJ successfully blocking the transaction would have a negative financial impact on Aetna and would impair Aetna's ability to continue its support.feedback

Aug 16 2016

As a strong supporter of public exchanges as a means to meet the needs of the uninsured, we regret having to make this decision.feedback

Jul 27 2016

We are prepared for this, we have a strong case.feedback

Apr 05 2016

If they can prove they get 20 nights of sleep for seven hours or more in a row, we will give them $25 a night, up $500 a year.feedback

Apr 05 2016

You can't be prepared if you're half-asleep. he has the numbers to back-up his assertion that better sleep can lead to bigger profits.feedback

Feb 01 2016

We have made a commitment to the Louisville marketplace that that will be our government headquarters. We see that organization growing, actually.feedback

Feb 01 2016

When we get done with this transaction, we'll be able to address markets that comprise 91 percent of the seniors across the United States for Medicare, which will give them a real opportunity to have a national product. More importantly, it will allow us to invest in moving care closer to home, getting higher-quality care at home.feedback

Feb 01 2016 - Affordable Care Act

I think Street consensus was built from a number of other aspects. Our stock is up today; our number was at least $7.75 a share, which is 10 percent of the baseline for '15. We think our guidance is appropriately prudent at this time given all the changes that will happen in '16 around the Affordable Care Act and the changes in taxes and fees in the Affordable Care Act.feedback

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