A health insurance CEO used the outrage over his industry's practices to push his own book. That's after one of his peers was assassinated on a New York city street. His background as a hedge funder is only slightly less detested than health insurance executive.
Oscar Health CEO Mark Bertolini would eliminate employer sponsored health insurance, coverage under group plans. Employers would still pay, they would contribute to individual employee plans alongside the employee. Isn't the point of insurance to spread the risk over a pool of people, not have everyone signup for an individual plan?
Oscar got its boost from the Patient Protection and Affordable Care Act, otherwise known as Obamacare. A former Obama advisor, David Plouffe, sits on the Oscar board of directors.
One can see a sampling of TechGod firms under Oscar's SEC filing.
Oscar went public in 2021 and insiders made serious bank. Board members granted themselves 50,000 shares of common stock vesting over three years.
The filing revealed many related party transaction with funders from its various rounds. Peter Thiel's Founder's Fund is among the list.
“positioned for long-term growth—appealing to GOP desires for consumer choice and a free market approach.”It's also politically positioned as father Charles Kushner has been named as Trump II's Ambassador to France and brother Jared remains married to Trump daughter Ivanka.
Whatever happens there will be lots of money pushed to insiders and a record amount of self dealing. It's the PEU way, now imitated by TechGods. The little people have value in their "fees for service."
