UnitedHealthcare Value Drops $41.6 Billion in Week After CEO Brian Thompson’s Slaying
finance.yahoo.com
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.
  • x00z@lemmy.worldEnglish
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    7 months ago

    Too bad they will make damn sure this doesn’t hurt the shareholders but the people themselves.

  • meyotch@slrpnk.net
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    7 months ago

    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.

    • Jamablaya@lemmy.world
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      7 months ago

      Hey look the Lemmy Ceo’s are looking to ban users informing other users about jury nullification because apparently that’s hate speech in Germany or some stupid bullshit.

        • Jamablaya@lemmy.world
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          7 months ago

          It’s when a jury decides the person charged did commit the crime, but they for what ever reason thinks under the circumstances, he should be acquitted anyways. When you do hear about it, it’s often in the context of some parent being acquitted for murdering a pedophile, that interfered with the killers kids.

        • boonhet@lemm.ee
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          7 months ago

          She’s also free to get an appointment in another country. Here’s the pricing for uninsured patients in a hospital in my country. What she needs is:

          • Y60273 Mammograafia, kaks rinnanääret 2 sihis 28.00 €

          It can get pretty expensive here too without insurance (which you can get by having a job, or having a <3yo kid, or being retired, or being disabled, or being unemployed but registering so you’re officially looking for a job). Major surgeries will cost thousands of euros. But simple procedures that should be cheap, are cheap.

    • granolabar@kbin.melroy.org
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      7 months ago

      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”

      • meyotch@slrpnk.net
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        7 months ago

        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.

        • JovialMicrobial@lemm.ee
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          7 months ago

          Let the memes flow. It’s a quick and memorable way to convey information and good one spread like wildfire so you are absolutely correct on that. Keep up the good work!

        • Notyou@sopuli.xyz
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          7 months ago

          shit-posting is a serious political tool.

          Always has been. Now we can do it easier with the Internet and making up your own proof. Wasn’t only a few people that produced most of the political memes for in 2016? I think I remember reading that.

        • granolabar@kbin.melroy.org
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          7 months ago

          this is definitely a moment of unity. while issue is bigger than healthcare. healthcare can be the rallying topic and improving just health care would a big W.

          social peace is elites’ job to maintain but they are not interested in that.

      • meyotch@slrpnk.net
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        7 months ago

        Yeah apparently Baltimore country club types. People magazine has already done a thing on them.

          • nepenthes@lemmy.worldEnglish
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            7 months ago

            Do you have a source or what to query, because when I plug in “Kathleen Mangione” all I get is they she reported her son missing.

        • kautau@lemmy.world
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          7 months ago

          And now’s their chance to prove that what’s most important to them is what’s right rather than how they look to others at the country club

    • ABCDE@lemmy.world
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      7 months ago

      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.

  • 2pt_perversion@lemmy.world
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    7 months ago

    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.

    • SuperCub@sh.itjust.works
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      7 months ago

      Or the idiotic “open enrollment” period. Can’t believe they only let us change health insurance once a year.

      • werefreeatlast@lemmy.world
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        7 months ago

        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.

    • Revan343@lemmy.ca
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      7 months ago

      A lot of customers will probably be leaving

      How many of their customers actually chose them? Most people get insurance through their job

      • GreyBeard@lemmy.one
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        7 months ago

        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.

    • granolabar@kbin.melroy.org
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      7 months ago

      Fidelity, vanguard and blackrock are major shareholders of the UHC

      That’s code for the owner class along with some boomer 401ks

      • aesthelete@lemmy.world
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        7 months ago

        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.

  • bean@lemmy.world
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    7 months ago

    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.