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Fri Jan 28, 2022, 08:06 PM

In 2021, 72% of UnitedHealth's $222.9 billion health plan revenue came from taxpayers.

94% of its total U.S. membership growth over the past 10 years was in government programs.

Wendell Potter

Jan 27 2022


As I noted in my last post, UnitedHealth Group made more profits last year than any health insurer has ever made for its shareholders–and considerably more than Wall Street financial analysts had expected. Investors were so impressed they rushed to buy shares of the company’s stock.

That might not have surprised you. United and other big insurers have reported record profits every year over the past decade. What might surprise you, though, is that even if you are not enrolled in a United health plan, some of your money likely wound up in the pockets of United’s already rich shareholders. That’s because you and America’s other taxpayers increasingly are fueling United’s profits.

In its press release last week, United bragged about the growing number of people it “serves,” including the number of people in its health plans. The release said the company had 10.5 million more “members” in its health plans in 2021 than in 2011. But when you look more closely at the numbers and do some math, you’ll see that very little of that growth has been in the private sector.

https://wendellpotter.substack.com/p/in-2021-72-of-unitedhealths-2229

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Reply In 2021, 72% of UnitedHealth's $222.9 billion health plan revenue came from taxpayers. (Original post)
BeckyDem Jan 2022 OP
I_UndergroundPanther Jan 2022 #1
LoisB Jan 2022 #2
dalton99a Jan 2022 #3
question everything Jan 2022 #4
BeckyDem Jan 2022 #5

Response to BeckyDem (Original post)

Fri Jan 28, 2022, 09:15 PM

1. Fucking rich parasites.

 

Cant compete without the government handouts.

I dream of we get universal heathcare and tapeworms infesting or healthcare system get shat out of existance.

If we had universal healthcare imagine what the government could do with that money..

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Response to BeckyDem (Original post)

Fri Jan 28, 2022, 09:27 PM

2. They are at or near the bottom of the list of health insurers I have had to deal with.

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Response to BeckyDem (Original post)

Mon Jan 31, 2022, 12:55 AM

3. Kick

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Response to BeckyDem (Original post)

Mon Jan 31, 2022, 01:32 AM

4. With a CEO salary of $20 million

AARP pushes it and yes some here are happy with it.

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Response to question everything (Reply #4)

Mon Jan 31, 2022, 01:25 PM

5. That is awful, truly awful. We should be united.



Rep. Frank Pallone (D-N.J.), who heads up the House Energy and Commerce Committee, tweeted that "outrageously high prescription drug prices are now even higher as Big Pharma continues its practice of raising prices in January."

https://www.commondreams.org/news/2022/01/31/while-lobbying-kill-build-back-better-pharma-hikes-costs-866-drugs

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