deny, defend,depose
- Thread starter woot
- Start date
There is a chart circulating with denial rates by company. I think the lowest was about 7% and UHC was over 30% denial. It's easy to be profitable if you don't pay. While I feel bad for his loved ones, from what I have seen so far, for the rest of us, this looks like it may be a win.
justride
Well-known member
Just heard on the radio UHC stocks went up 2%.
www.dailymail.co.uk
UnitedHealthcare stock price jumps after CEO Brian Thompson's killing
UnitedHealthcare's stock has risen in the hours following the fatal shooting of its CEO, hours before the company's earnings announcement.
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Given the number of guns in the U.S. I'm surprised that this type of targeted shooting of a health insurance person doesn't happen more often.
Remember "The Rainmaker" a 1997 movie with Matt Damon taking on an insurance company that had hidden, internal, policies to deny claims.
Remember "The Rainmaker" a 1997 movie with Matt Damon taking on an insurance company that had hidden, internal, policies to deny claims.
Dirty Frank
Well-known member
Just heard on the radio UHC stocks went up 2%.
UnitedHealthcare stock price jumps after CEO Brian Thompson's killing
UnitedHealthcare's stock has risen in the hours following the fatal shooting of its CEO, hours before the company's earnings announcement.
UnitedHealth Group Inc (UNH) Stock Price & News - Google Finance
Get the latest UnitedHealth Group Inc (UNH) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.
www.google.com
Dirty Frank
Well-known member
The weapon used.
Sympathy level from the general public: low.
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Dj Melodie (@djmelodie) on Threads
The NYPD is offering $10,000 for info about the CEO's shooting, but UHC denied my eye exam, so I didn't see anything. 👀
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I don't condone murder but we collectively condone treating victims of crime harsher than the perpetrators.Sympathy level from the general public: low.
Dj Melodie (@djmelodie) on Threads
The NYPD is offering $10,000 for info about the CEO's shooting, but UHC denied my eye exam, so I didn't see anything. 👀
I'm not into American justice, capital punishment, brutality either but sometimes I feel the knee jerk reaction coming on.
FACT: Corporations must make profits or our economic system will collapse. The investors must be protected.
Government intervention in the profit motive is the thin edge of communism.
TK4
Well-known member
And if the corporations are evil just look the other way ? Governments intervene on all sorts of things - both the good and the bad.
Profit, yes. Billions, no. Billions on the backs of millions of people who had the misfortune of getting sick or injured and then have their claims aggressively denied ... the public is saying hard no.
I'm not even concerned about the profits. Rejection of a claim should be medically supportable. I would be entirely ok if there was a rapid intervention oversight body that reviewed referred cases quickly and if the rejection was not found to be medically supported they would automatically pay out the claim times ten. That would make insurance companies think long and hard about rejecting vs making it their initial offer in the quest for more profit.
That's a lot cheaper than trying to be a little bit moral.
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Farcebook spent $9.4M last year on security for Zuck. That doesn't include the cost of the 5,000 sq. ft. bunker under his house in Hawaii.
A single rejected claim pays for 24 hour security for the entire year. UHC rejected ~30% of claims and has ~50M people insured. I can't find data on how many claims per year. Gross from insurance is something like $5K/person/year.
A relevent data point:
"In the first nine months of 2024, UnitedHealth reported $8.66 billion in net profit on $299 billion of revenue, securities filings show. Much of the revenue - $232 billion - came from insurance premiums."
