So did the people his company denied claims. Highest denial of claims of any other company at 32%. In 5 years the stock went from 300 to 600. If you could go back in time and kill baby Hitler would you? He had family too. Do you think this will effect the actions of other CEOs?
Wouldn't Medicare for All also have some mechanism to determine medical necessity and cost to benefit ratio? Is there a health system that doesn't deny any coverage?
Insurers are obligated to pay 80% of their revenue to health claims. It seems like they're just trying to keep it affordable.
Seems like this giddiness is based on unrealistic expectations and a profound misunderstanding of the insurers goals. They have only so much capital to allocate to coverage.
I did. They have X number of dollars and Y number of claims. That is how health insurance works. This is true for single payer programs in other countries. Also remember that every cent under 80% of the insurers revenue goes back to the members.
They charge less and have less money to distribute to customers' medical treatment. There are problems here for sure, but all these companies pay out 80% or more of their revenue. I get this is a problematic model. Is there a place for cheap insurance company (in both senses of the word)? Who knows
"UnitedHealth illegally denied "elderly patients care owed to them under Medicare Advantage Plans" by deploying an AI model known by the company to have a 90% error rate, overriding determinations made by the patients' physicians that the expenses were medically necessary."
You don't seem particularly well-informed about UHC, I recommend you do some research on their practices and their reputation among healthcare professionals before commenting further. They are not a company you want to go to bat for here.
UHC denies more claims than even other large insurers (by a pretty large margin), and it's been able to increase profits without technically violating the 80/20 rule by buying up healthcare providers. It's THE company doctors use as an example of how the system is broken for a reason.
It's possible that buying up healthcare providers allows them to do even more with less. I'm curious to read more about that. I definitely am allowing fo the possibility that this person is deeply immoral.
Sure. But it wouldn't have a 32% denial rate highest of any insurance company. And in 5 years the stock wouldn't go from 300 to 600. When your numbers are higher than any other company that is not because you are evaluating medical conditions at a deeper level than everyone else.
I’m not celebrating the [UHC CEO’s] murder, but I’m certainly not surprised. I’m curious as to what final circumstances were that drove the shooter to do this, although I think the messages he left on the bullets speak for themselves.
If they could go back in time would they kill baby Hitler? This is like the trolly problem. Throw the switch and kill a person who would have lived to save 5 people. UHC stock the last 5 years went from 300 to 600. This money was made due to denied claims higher than any other company. 32% denial.
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jing jing!
Insurers are obligated to pay 80% of their revenue to health claims. It seems like they're just trying to keep it affordable.
but they fucked up and didn't send them far enough back in time. because FUCK we are already there
fuggin future AI/robotics is really letting us down
https://bsky.app/profile/steinkobbe.bsky.social/post/3lcjcxkt4ws23
There's irony here somewhere in the tune of billions of dollars.