Thread regarding Optum layoffs

@a3 and you all are the reason we in the US are losing our jobs Go post on your own board!

@dq Medicare isn’t going anywhere, so I think you have your answer. Plus it’s a federal job with federal benefits, including more holidays, vacation and a real retirement program!

@dq zero stability if you work here and are a US citizen. take the job if you have to but keep looking for something else.

@dq no stability with any Optum role. Cuts will continue next year. Stock surprisingly is not rebounding and C suite seems to have no plan other then to cut staff

Recommendation is to stay away from Optum / United unless you love playing Hunger Games. We all know we are tributes and anyone that can get out is leaving

I’m up for 2 jobs. One at Optum the other Medicare. Which is more stable? Optum seems like they have layoffs round the clock. It would be OptumServe.

Politicians have nothing to do with Optum’s decision to layoff… they have NEVER had an logic to it…

Trump admin caring about anyone but Trump? You serious? You should be on SNL

@af no way this will happen. it's going to hurt but won't be that

I don't see how we hold margins. we've already outsourced so much to India.

what do we cut? Optum building/selling products? if we took 1 second for strategy we could turn around negative IOI, instead they cut teams and roll money into Hay Eye and cushy partnerships with Indian companies.

Steve getting a Trump loyalist isn't going to outweigh thousands of CEOs planning to cut employee healthcare costs.

US business is salivating at eliminating ACA or watering down the mandate so Aflac and and HSA count as "health insurance". Premiums swap to employee stipends indexed by CPI rather than healthcare inflation.

With real choice, consumers picking their own plan will cancel their UHC policy and Optum HSA. Healthy people will drop coverage and the death spiral will begin.

@a6 the government could limit their ability to use federal/state funds to pay dividends. Huge political win for both sides. I suspect health insurance lobbyists pushing hard against this.

@a1 karma insured your anonymous id was accurate ‘a1’! I suspect there is a single goal - 2026 margins need to support a dividend that holds the stock price. I believe they announce the annual dividend around June….so between now and then - hunger games

The snake in the grass will be if the government blocks federal funds from being used to pay dividends…but this will impact all insurance companies that rely on government plans for their cash flow.

I'm on a team actively looking at the financial impact and how we can do a straight to consumer push for Optum HSAs to react.

We're trying to offset member losses that roll off UHC plans and looking for a 401k custodian to partner with for small employers that drop UHC coverage.

We don't think CMS is going to promote any one single HSA provider.

@a2 For those of us OGA, do we think as covered lives starts to fall we'll get let go? that dalit SD is going to doom us all!

no. they will continue to move jobs offshore. the rich will get rich and you and your loved ones will get poorer and sicker

Real problem is zero strategy, mismanagement, and infighting among SD's direct reports. Bigger fish to fry