UnitedHealthcare Value Drops $41.6 Billion in Week After CEO Brian Thompson’s Slaying.
UnitedHealthcare Value Drops $41.6 Billion in Week After CEO Brian Thompson’s Slaying.
The nation's biggest health insurance company is worth $520.1 billion after losing 7.5% of its value The post UnitedHealthcare Value Drops $41.6 Billion in Week After CEO Brian Thompson’s Slaying appeared first on TheWrap.
Not nearly enough.
So let’s watch the denial rate at major insurance companies to see if it goes down.
Luigi’s trial will still be going on probably. I’m betting he’s going to drag it out as long as possible. His family is rich and influential so the trial is going to be a shit show, I hope.
And once we see a sudden (temporary) drop in denial rates, we can shit all over insurance executives again next quarter.
And the quarter after that when the denial rates sneak back up again.
Let’s just say I am really excited about shitting on that crew a lot.
life expectancy and denial rates are now like KPI for me. these lines should be going up kinda like stock market, since this is all about "efficiency"
Yeah, it’s pure schadenfreude. But I am seriously coming around to the idea that shit-posting is a serious political tool. So I am planning my meme strategy around the release of these numbers.
This subject has the right emotional content to keep this issue in the public consciousness. Ever hear of ‘social peace’? Not for these shit heads.
The fucking disgusting bit is that's less than 8%. So it's still only 3% lower than it was at the beginning of the year
How many people died for that line?
Yes but have you considered that line goes down? Line must never go down so further cuts must be made to ensure line goes up next quarter.
It should be lower. This incident really put a spotlight on their claims denial rate being the highest in the industry, twice as high as industry average. A lot of customers will probably be leaving but that hit won't happen until later when the next billing cycle comes.
Or the idiotic "open enrollment" period. Can't believe they only let us change health insurance once a year.
Unless you got a baby. Like you need to be in an accident that will take 9 months to conclude....say you're the only female astronaut going to the space station for a weekend on a Boeing starliner spacecraft but it starts leaking helium. What would you do if you suddenly needed to pay for inter spacial health care but open enrollment was a month ago? I don't known what, but I'd start gathering tungsten parts from around the craft and I'd take some spacewalks at strategic times to loose said parts straight on to -toss has censored this part- and the car would roll down the hill in American movie style and we'd be laughing! Wait what about a baby! You could get pregnant in space and then you could sign up!...the baby, not you.
their subscriber numbers will dwindle down to shit. they are as good as having no insurance at all
A lot of customers will probably be leaving
How many of their customers actually chose them? Most people get insurance through their job
The business do also have to choose. Companies will often act like whatever insurance they have is the only option to them, but really they choose the insurance provider. Which means, especially in small businesses, if everyone is pissed about their shitty insurance, it can be changed. Unfortunately that means there is a gap between cause and effect, but there can be an effect.
Hopefully that name becomes mud to the point where people hear United and recoil. It is, after all, a benefit that is suppose to attract talent, if it isn't doing that, something will change.
Their claim denial rate is probably "good" for the share price. Less claim payouts equals more money equals more shareholder value. Morbid, isn't it?
And if Americans really did have the ability to shop around for the health insurance they wouldn't need in a sane country in this first place, this might be a good thing.
As it is, anyone with UHC (like my family) will end up paying a higher premium.
As it is, anyone with UHC (like my family) will end up paying a higher premium.
Rates for 2025 are set already.
You can't switch next cycle like the rest of people prolly gonna do?
I don't even know what goes on anymore. I've had good health insurance in the USA for years (I'm a trucker) but have not had health insurance in Canada for 7 years (because I'm a trucker of no fixed address and health care is provincial, i pay income taxes to an entity that issues my driver's license but denies i live there when it comes to my health insurance) My american health insurance doesn't give two shits where i live. My drivers license is to a post office box near my employer of 7 years. I'm literally homeless but consistently pay taxes and reside in one county in one province with a steady employer but i just won't lie so i don;t have "canadian" health insurance, which is never been my "birthright as a Canadian" like muttonhead socialists talk about, it's always been provincially determined while the federal government pretends it wasn't something that happened despite their resistance, when provincials had balls and thought of themselves as their region, not canadians.
Why are healthcare denials sent to and shouldered by patients? If you go to an in network facility, that place is vetted by insurer. So why isn't a 'denial' a matter between the provider and the insurer and transparent to the patient?
Why are there networks, health insurance companies, co-payments, payment disputes/ negotiations of prices, and people suffering from not receiving medical care?
Oh yeah, because this way it costs us significantly more and we can think we are doing better than others in life by acquiring a job where we have linked medical coverage too.
The fact that there are "classes" of healthcare is just repulsive.
"value", it should be a service that is focused on servicing and have no value at all.
Fidelity, vanguard and blackrock are major shareholders of the UHC
That's code for the owner class along with some boomer 401ks
That's likely most 401ks. They're a very large company so they're going to be in just about every stock market index fund available. The classic advice for 401ks is to use index funds because their fees are so much lower than managed funds, and you can follow your portfolio by following the S&P 500 instead of having to worry about what particular stocks a fund manager picked.
Fund managers also tend to do worse than the market more generally, because a lot of them are really bad at their jobs.
Luigi, I can forgive a lot, but shareholder value... How could you, man?
How am I supposed to tell my kids about his when they are back from the character building camp I sent them to where they were hunting lesser human beings for sport in an eastern European country I won't name? This is really going to crush their big, delicate hearts...
Pff, peasant, sending your children off to some far ofd shithole. Shell out some real money and I'm pretty sure you can find some human hunting grounds within the U S of A. Turn it into family bonding time like a good father.
Hey!!! DON'T YOU DARE call it a far off shithole!!!! That is the place were I get the underaged nannies that I get pregnant from! These are the undocumented mothers of some of the children I don't care about as much as my "on the books" kids, but they have my DNA - so have some fucking respect!
Actually, I sense a little jealously as you've probably realized that I can/will be able to farm all of these tier 2 children's organs eventually to extend the life of my pure A-tier family. Green does not look good on you, buddy!
Boy the new and old media are having a thesaurus day with the word "killed".
I guess unalived isn't popular anymore.
How could Brian do this to the shareholders?
Too bad they will make damn sure this doesn't hurt the shareholders but the people themselves.
Health care insurance should be handled by governments, or alternatively by law by non profit foundations
Some would argue that should be the case for all companies.
Imagine how much better for profit companies would function if they didn't have investors skimming off their profits.
For profit companies should be illegal.
Have you ever worked in government?
Getting the simplest shit done takes forever.
By contrast, getting things done in a private company is quick as hell by comparison.
I wouldn’t say government bodies “function better” in my experience.
All that said, healthcare is one thing I’d definitely like to see handled by the gov rather than privatized.
For profit companies is capitalism and like it or not, it is by far the most successful way of doing things. It's so successful bthst it isn't even a contest.
What you need it capitalism with a boat load of restrictions to keep it fair. Restrict companies in size and revenue. Get to 5000 employees? That's it, you can't hire anymore. Get to X amount of yearly revenue? Taxes on anything above that gonto 100%. Companies cannot buy other companies. Limit what can be invested and how. Limit the powers of special interest groups created by companies. This way there will not be one big player, companies will actually have to compete. You get the power of capitalism without the bad parts. Now use the proceedings of that power capital to fund a good socialist framework that gives free education, free healthcare for all, free minimums like housing, food, etc.
Usually, things handled by governments suck in orthogonal ways to private companies. Private companies suck due to greed. State owned stuff sucks due to incompetence.
Where I live, we have a state owned insurance company, but others are allowed to compete with it. Optimistically, they competing with each other making all of them better. Pessimistically, you choose the one that sucks least from your point of view. Either way, better than any proposed alternative.
I agree with you, but I see it as governments should make the rules, based off what science tells them is best, companies themln implement those rules.
The US government needs to add a shit tonne of rules for companies to stop the unchecked growth and abuse and if it would do that, life would get better for everyone.
Unfortunately we now have trump so if you live in the US then you have my sympathies. Or actually, you don't. You failed and got trump tonshit over the entire world, so you don't have my sympathies. You should have stopped him
If Luigi has shorted the company with some leverage, he might now be incredibly wealthy
are you saying in the USA they organize their health care around the stock market?
The stock market is a measure of how much wealth can be stolen from workers and, in the case of insurance, from the insurance policyholders. So the stock price going down means that shareholders expect less of that than before.
It worked! This is a valid tactic.
fucking lol. someone get the new ceo.
We need a George Soros who would pay off private security companies who you know these CEOs pay very poorly to look the other way when they reach a quiet dark not very populated destination.
At that point, just bribe one of the security team members to do it and smaller bribes for everyone else on the security team to not see it.
Is anyone else getting United Healthcare ads in their Gmail promotions tab? Seemed a little tone deaf.
Edit A word.
I stepped away from that creepy shit when I noticed just how awful Google (search) and Gmail have become, a complete contrast to how it was originally. Now it's Fastmail and Duckduckgo, and everything is so much cleaner.
How do we get it even lower?
Start with the next CEO.
Say what you want about him, but the last CEO "made a difference". Just not in the way that smug punchable asshole intended.
checks fidelity
....naaaaaaah
lower
Think of the shareholders you monsters! Only they matter! Not the patients. Duh; Businesses pay huge premiums to insure their employees, can’t have that money being used for the good of the people it’s meant to help.
Well why would a peasant keep any surplus value of their labor?
Unfortunately, this is only a temporary oscillation and they will soon recover and everyone will forget what happened. The damage must be done to the political structure that allows these companies to exist as they are
And we need more heroes like Muad'dib to remind us of that and to lead the charge.
Fucking A for some fucking A, this will probably sting them more than the death of their last CEO.
Good, let it crash and burn and let it not be the only one
Free healthcare for all US citizens!
Elder CEO mentoring prodigy, "that's why you need state of the art security, if one of the plebs goes and murders you the shareholders will suffer in their quest for never ending profits"
That is the only thing that gets their attention.
So... *checks math*, just 13 more? That's achievable. Let's do this.
....until it goes right back up in [insert timeframe]
Will we never learn?? Make it stick!! Take more action!! Please let this be the spark
So far...
Insurance companies are worthless.
The aliens in Independence Day said it the best of UHC and their ilk: https://www.youtube.com/watch?v=2Rw5MosKRm4
Edit: Companies, not people, to be clear.
Doesn't matter what you think really though, right? These businesses operate on measurable KPIs and if overall thresholds weren't being hit, something would happen.
If you were a manager with that attitude, you'd be a micro manager and we all know that that type of manager, in any sector, SUCKS.
