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☆ Struggling insurance upstart Oscar is making a long shot bet on a Trump-era program to fuel growth
▼ + stars: | 2024-01-16 | by ( ) www.businessinsider.com time to read: +6 min

The New York insurance company has struggled to find its footing for years. At the top of the list is this little-known Trump-era policy, which offered employers a new way to give workers health benefits. Oscar has struggled with deep lossesBertolini is the former CEO of the insurance company Aetna. The company raised its health plans' prices and renegotiated contracts with healthcare providers and vendors — including its pharmacy-benefit manager — to lower expenses. In the future, Oscar plans to design specific health plans that cater to those types of customers.

Persons: —, Joshua Kushner, Mario Schlosser, Oscar, it's, Mark Bertolini, It's, Bertolini, Trump, Ari Gottlieb, Elijah Nouvelage, haven't Organizations: Service, Business, New, Morgan Healthcare, Aetna, Reuters, HRAs Locations: New York, ICHRAs

☆ Google is rolling out new AI models for health care. Here's how doctors are using them
▼ + stars: | 2023-12-13 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +6 min

Google said it also plans to introduce health-care-specific versions of Gemini , the company's newest and "most capable" AI model, to MedLM in the future. For instance, HCA Healthcare , one of the largest health systems in the U.S., has been testing Google's AI technology since the spring. Google's MedLM suite can then take those transcripts and break them up into the components of an ER provider note. "What I would say right now, is that the hype around the current use of these AI models in health care is outstripping the reality," Schlosser said. "We're being very cautious with how we approach these AI models," he said.

Persons: Gupta, Aashima Gupta, MedLM, Greg Corrado, Corrado, Dr, Michael Schlosser, Google's, Schlosser, That's, " Schlosser Organizations: Google, Microsoft, CNBC, HCA Healthcare, Nurses, HCA Locations: MedLM, Med, U.S

☆ Google might have to delay its plan to kill tracking cookies until 2025, ad industry experts believe
▼ + stars: | 2023-11-09 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

There are growing rumblings within the ad industry that Google won't be able to get rid of third-party tracking cookies until 2025 at the earliest. It has since delayed that plan twice to give the ad industry more time to prepare, but has repeatedly said it's on track for a fourth-quarter, 2024 cookie expiry date. "It's a mess," said one ad industry executive speaking on condition of anonymity in order to talk freely about the process. The CMA's latest Privacy Sandbox update listed various concerns from various constituents about the proposals. Despite some skepticism that Google can hit its 2024 deadline, many in the ad industry just want to move past third-party cookies after almost four years in limbo.

Persons: James Rosewell, Rosewell, Achim Schlosser, there's, —, Paul Bannister, Bannister, Mathieu Roche Organizations: Google, UK's, Markets Authority, CMA, Movement, European netID Foundation, Publishers, Yahoo

“The amount that we’re smashing records by is shocking,” Burgess said. After the cumulative warming of these past several months, it’s virtually guaranteed that 2023 will be the hottest year on record, according to Copernicus. Scientists monitor climate variables to gain an understanding of how our planet is evolving as a result of human-generated greenhouse gas emissions. A warmer planet means more extreme and intense weather events like severe drought or hurricanes that hold more water, said Peter Schlosser, vice president and vice provost of the Global Futures Laboratory at Arizona State University. Historically, the ocean has absorbed as much as 90% of the excess heat from climate change, Burgess said.

Persons: Samantha Burgess, ” Burgess, it’s, Copernicus, Peter Schlosser, " Schlosser, “, Burgess, Schlosser, That’s, ”, Friederike Otto, Seth Borenstein, ___, Melina Walling Organizations: Global Futures Laboratory, Arizona State University, El Nino, Imperial College London, AP Locations: Paris, Washington, ___

☆ A nuclear bomb is still missing after it was dropped off the Georgia coastline 65 years ago
▼ + stars: | 2023-09-16 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +11 min

In 1958, two Air Force jets collided over Georgia, and one was carrying a nuclear weapon. He headed for the ocean, dropped the nuclear bomb from about 7,200 feet, and landed the B-47 safely. A B-47 Stratojet similar to the one that dropped the nuclear weapon near Tybee Island, Georgia. Between 1960 and 1968, the US military kept jets armed with nuclear weapons at the ready in case of a surprise nuclear attack. A series of near misses and serious accidents with nuclear weapons caused the Air Force to end the program.

Persons: Stephen Schwartz, Howard Richardson, Clarence Stewart, Richardson, Stewart, he'd, irretrievably, Schwartz, Jack Howard's, Howard, it's, Derek Duke, Jack Kingston, Gerald Weaver, Duke, Shayela Hassan, Bettmann, Eric Schlosser, It's Organizations: Air Force, Service, Navy, US Nuclear, Getty, Savannah Morning, CBS News, Atlanta Constitution, Force, Department of Energy, Communications, National Nuclear Security Administration, US Government, DOE Locations: Georgia, Tybee, Wall, Silicon, Tybee Island, Savannah, Soviet Union, Island, Atlanta, Jack Kingston of Georgia, South Carolina

☆ The former CEO of Aetna shares how he plans to turn around the struggling health insurer Oscar
▼ + stars: | 2023-03-30 | by ( ) www.businessinsider.com time to read: +6 min

Oscar Health struggled to upend the entrenched health insurance industry. Oscar Health has been trying and struggling to upend the US health-insurance industry and the entrenched giants that dominate it for the past 10 years. Oscar Health incoming CEO Mark Bertolini Bridgewater AssociatesLast year, Oscar lost a $60 million contract with its first client, Health First Health Plans. Bertolini wants Oscar to disrupt health-insurance giantsMario Schlosser, founding CEO of Oscar Health Eduardo Munoz/ReutersDespite losing the Health First deal, Bertolini is betting that Oscar will disrupt the insurance industry through partnerships. Oscar has developed health plans with health systems in the past.

☆ Former Aetna CEO to Take Helm of Health Insurer Oscar
▼ + stars: | 2023-03-28 | by ( Anna Wilde Mathews | ) www.wsj.com time to read: 1 min

Mark Bertolini said he would initially focus on ensuring Oscar meets its goal of having profitable insurance business this year. Mark Bertolini , former chief executive of health insurance giant Aetna Inc. and hedge fund Bridgewater Associates, will take the helm of Oscar Health Inc. as it seeks to turn a profit and carve out a role as a technology supplier in the healthcare industry. Mr. Bertolini, 66 years old, will take the post effective next Monday, the company said. He will succeed Mario Schlosser , 44, who co-founded Oscar in 2012 with Joshua Kushner and will take the new title of president of technology, reporting to Mr. Bertolini.

☆ Oscar Health CEO shakeup: Mark Bertolini to take over April 3
▼ + stars: | 2023-03-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOscar Health CEO shakeup: Mark Bertolini to take over April 3Mark Bertolini, incoming Oscar Health CEO, and Mario Schlosser, co-founder and outgoing Oscar Health CEO, joins 'Squawk Box' to discuss why Schlosser decided to let go of executive control, Bertolini's first plans when he takes over as CEO and more.

☆ Ex-Tesla director who pleaded guilty to insider trading will be released on the condition of 'good behavior'
▼ + stars: | 2023-03-21 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Kurt Schlosser pleaded guilty to profiting over $28,883 off knowledge of Tesla's deal with a mining company. He'll be released on the condition of "good behavior," but can't manage a company for five years. Spokespeople for Tesla and Piedmont Lithium did not respond to a request for comment ahead of publication. Tesla first announced a five-year agreement with Piedmont Lithium in 2020 on the heels of the electric-car maker's "Battery Day." At the time of the announcement, shares of the mining company surged as much as 83% to their highest level since 2007.

☆ Former director of Tesla Australia sentenced for insider trading
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +1 min

March 21 (Reuters) - A former director of Tesla Inc's (TSLA.O) Australian unit was sentenced to two years and six months imprisonment and will be released immediately on the condition of "good behaviour", Australia's corporate watchdog said on Tuesday. The sentence follows the former director's guilty pleas to two insider trading offences tied to a supply deal the electric-car maker signed with Piedmont Lithium Inc (PLL.O) in 2020, according to the Australian Securities and Investments Commission (ASIC). Schlosser sold the shares for a realised profit of $28,883.53 after the agreement became public, according to the watchdog. The regulator added that Schlosser communicated information to a friend "in circumstances where it was likely" that the person would acquire Piedmont shares. Tesla and Piedmont Lithium did not immediately respond to Reuters' requests for comments.

☆ Health insurance upstarts that grew fast while bleeding money now say they want to turn a profit. They're raising premiums, exiting markets, and leveraging their size to get there.
▼ + stars: | 2023-01-13 | by ( ) www.businessinsider.com time to read: +6 min

Newly public health insurers Bright, Clover, and Oscar historically have prioritized fast growth. Now that it's become harder to raise capital from investors, the insurers Bright Health, Clover Health, and Oscar Health have shifted their strategies toward making money. Bright Health, in particular, was forced to take extreme measures that will see it cover members in just one state this year, after serving people in 17 states in 2022. Here's what Bright, Clover, and Oscar said they're doing to reach a profit, from raising the premiums of their health plans to exiting the markets they once bet big on. Clover slashed its participation in a federal programClover Health CEO Andrew Toy Clover HealthClover also slashed its footprint in a major program to bring down costs.

☆ Oscar Health CEO Mario Schlosser shares how the health-insurance upstart plans to finally turn a profit after years of losses
▼ + stars: | 2023-01-12 | by ( ) www.businessinsider.com time to read: +7 min

Oscar Health has bled money since it was founded more than a decade ago. Oscar Health, the 10-year-old health insurer, has never turned a profit. In an interview with Insider in November, Schlosser said Oscar had already done the legwork to turn a profit. Oscar is doing a better job at lowering patients' medical costs and is raising the prices of its health plans, he said. In 2013, Oscar met with outside actuaries to price its first health plans, Schlosser said.

☆ Ex-Tesla Australia director pleads guilty to insider trading
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +1 min

Nov 16 (Reuters) - A former director of Tesla Inc's (TSLA.O) Australian unit pleaded guilty to two counts of insider trading based on a supply deal the carmaker signed with Piedmont Lithium (PLL.O) in 2020, the country's corporate watchdog said on Wednesday. The ASIC said Schlosser then sold his Piedmont shares for a profit of roughly $28,883 once the agreement became public and the stock price rose. Schlosser, who plead guilty at a court in Sydney, also communicated information about the deal to a friend, knowing that his friend would be likely to acquire Piedmont shares, the ASIC said. Tesla and Piedmont Lithium did not immediately respond to a request for comment. Reporting by Tejaswi Marthi in Bengaluru; Editing by Sherry Jacob-Phillips and Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ NYC Mayor Eric Adams asks tech executives at private dinner to keep companies in the city
▼ + stars: | 2022-09-16 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

At a private dinner Wednesday at New York's swanky Le Pavillon, New York City Mayor Eric Adams called on tech executives to keep their companies in the city, even as industry leaders raise concerns to city officials of soaring rents and an increase in violent crime. He told the more than two dozen tech leaders: "New York City needs and wants technology companies," another attendee said, adding that city officials want tech companies to "help grow the economy of this city." Adams' spokesman Fabien Levy confirmed the mayor spoke to the tech executives, but said, "Mayor Adams wasn't there for dinner." "While we don't discuss private conversations, Mayor Adams always welcomes and encourages businesses to come to NYC," Levy said in an email. Conway said in an interview, noting that it's important for tech leaders and companies to be civically engaged.

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