Oscar Health CEO Mark Bertolini outlined the health insurers three-year plan to become a bigger player in the employer market ahead of the company's investor day.
Bertolini sees more transparency on pharmacy benefits as one of the keys to holding down costs for employers and patients.move toward profitability, after taking over as CEO of the health insurer a year ago. Now, he says the company's next phase of growth and profitability will focus on tapping into the employer market.
It's not a new concept. When Affordable Care Act exchanges launched 10 years ago, analysts predicted employers would abandon the complexities of buying group coverage and adopt individual coverage health reimbursement arrangements, or ICHRAs, giving workers cash to buy their own ACA plans. "What we're now going to do is put plan designs in and underwrite the group. So we get the employees to the right plans — like an ultimate flexible benefit plan," he said.
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