The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 10 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Bertolini: Aetna's overall healthcare costs fell 7.5% following corporate mindfulness programs
“Our healthcare costs went down. Not trend. The actual dollar cost went down seven and a half percent the next year.”
Bertolini announced Aetna's minimum wage increase without prior board approval
“I was at the JP Morgan conference on January first, January second of 2015, and I announced it in front of 240 of our three hundred and forty million shares and said, we're going to do this. I didn't ask the board because they said, well, how did your board le…”
Bertolini: 20% of Aetna's lowest-paid employee families relied on food stamps
“I want to know who these people are. I want to know what their life's like, how much they make, and it was about 12 bucks an hour, and they were, 81% were women, 20% of the kids were on foods, the families were on food stamps, 25% of the kids were on Medicaid …”
Bertolini: Aetna mindfulness trial dropped highest-stressed employee cortisol levels by 50%
“What we found is that the people in the highest quintile of stress spent 2500 dollars more a year on health care than the average employee. So we put everybody through these programs, we had them journal, and after 12 weeks, heart rate, variability, cortisol l…”
Bertolini: Aetna's 90%-discounted soft wage benefits equaled all hard savings
“Let's take all the soft benefits, presenteeism, better attitude at work, empathy for our members. Let's put all those on a page and let's discount them by 90%. And so when we did that, the group that we discounted by 90% added up to the exact same amount of sa…”
Bertolini: Aetna's sale to CVS created 2,000 new employee millionaires
“We created 2000 new millionaires when we sold the company at CVS.”
Bertolini: Two-thirds of Aetna's 652% TSR was driven by P/E multiple expansion
“And at Aetna, when I had 652% total shareholder return over eight years, and we, when we looked at the underlying, only a third of it related to earnings, and two thirds of it related to the price earnings multiple.”
Bertolini: Every 50 basis point change in Aetna claims reserve was $980M
“Every 50 basis points change in that trend was nine hundred and eighty million dollars of margin.”