Thread regarding Optum layoffs

@1b1 This is SH's embarrassing error and may be his downfall. He swept in ridding us of AW. 2025 would be rebuilding, 2026 stabilization, but with a smile 2027 was growth.

We've added DOZENS of $300k+ TC lobbyists. Defensible as the "you had one job" single thing that drives the company is medicare reimbursement. It drives MA business, provider side, our customers, contract negotiations where reimbursement is correlated to medicare.

Medicare reimbursement will likely be more than zero, but certainly less than planned, and enough to dent revenue and earnings. This is a major sticking point of the admin that SH's army of lobbyists MUST have known in 2025 when SH gave his glowing forecast for 2026-2027.

@16v You're assuming SH can get funding to do an LBO and go private. That would be the only reason to intentionally drive the share price down. Wall Street is smart enough to know we are a public utility pretending to be a tech play. SH can't raise the funds and PE wouldn't want it.

The Street is catching up to the fact that no one at UHG has a clue and the CEO and Board are one person. We staffed up lobbying BEFORE trump took office, the fact that SH didn't anticipate the Medicare rate cut and gave guidance in 2025 that 2027 would be "to the moon" is a glaring error and people are getting wise to the fact that we're not just Enron but we're Idiocracy, too.

SD and his henchmen are messing up projects and partnerships long enough that every offering will have a superior competitor in the market very soon. Epic alone will be enough to put OI Provider out of business by the end of 2026.

Every Payer has their own "optum real" and most of them will actually reimburse in real time - not "oh provider, you'll know how much you're getting in real time but UHC is still going to wait a month to pay you."

No gimmicks, just terrible leadership and bleeding of talent.

@b3 Believe it or not wealthy people make a fortune when stocks tank they manipulate them and that’s probably what he’s doing.

@OP SH has personally lost at least $70,000,000 on paper in today's drop. Perhaps over $100million if estimates of indirect holdings are accurate.

In. One. day.

Like our jobs, the health of the American public, and even the DJIA, UHC is just his plaything. Time to go.

@ab just his “gratitude” for all we have done. I wonder what the conversion rate of gratitude to US dollars is? Just need to plan so I can pay my bills with it. Oh, wait……..

@ac It is a major problem that the chair of the board is also the CEO. Only accountability left are the fund managers/institutions who own the majority of shares. Even Berkshire F'd this up.

One person to blame here: old f@rt clinging to control destroying the company he built. One d-mb move after another failing to read the tea leaves or make sound business decisions.

The whole company relies on gobmit cheese and rather than building up Optum to provide external revenue and be successful in its own right, it is retrenching to prop UHC. Meanwhile, we have a snakeoil salesman (candyman), an angry blowhard (CFO), and an abusive alcoholic pediatrician (PC) running the show. Each has chosen a somehow-worse cast of characters as subordinates to advise them, reinforcing this failure.

SH has destroyed MILLIONS IN PERSONAL WEALTH because of his hubris. Should be sipping happy hour chardonnays in del boca vista before going home to a beach condo to watch Fox News at this point, instead he is single-handedly destroying the Dow Jones Index.

DUDE HAS TO GO!

@ab Sad, isn't it?

Everyone wanted Witty gone. If they replace Hemsley with that CFO dude who teased about his little brother at the company town hall, how many magnitudes more layoffs will we get?

Be very careful what you wish for.

@OP UNH $-67.42 What a disaster!

Witty was handpicked by Hemsley. So what does that tell you. The company does what Hemsley tells them what to do. He use to be CEO but as a result of funny business they the company created the position on the board for him. He never left the reins so everything is his fault .’

The email sent out is a joke. No reference to the job cuts or cuts in benefits. They don’t care about employees

At least he’s an American. The last British guy seemed like he was interested in ruining the healthcare for 2 countries.