So it’s projected when they release the numbers UHC as a whole is projected to have made about 6 BILLION In profit. Yet the US based employees are at a constant threat of getting laid off. It’s time for the complaining anonymously on websites to stop and to act publicly now. The people who pay thousands of dollars to have their coverage denied should know that their information can be accessed by those overseas and those oversea employees are hiring for the company, going over appeals and hitting the denial and handle the IT for the sensitive data we handle daily. I am not against other countries working for UHC or any branch under them but have the South Korean employees handle things in South Korea. Middle eastern employees should only handle tech issues and medical cases for those in their physical country. They already do so with the UK based ones. The US should handle their own country and not be outsourced just so billions can line the pockets of shareholders and CEOs who do not act in good faith or care about the American people or their employees
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Didn't hit revenue this quarter and med loss ratio above 85%. Wall Street is not happy and that's all that matters. Of course leadership will take it all out on employees with staff cuts, reduced merits and reps and try to blame that it's for the members like usual. Not because of greed and elt incompetence.
My friend at Housecalls just got told they are not making enough money lol
That's called gaslighting . It seems to be a script given to managers because I was told thus too in a different area of Optum
If I never hear the word " metrics " again it will be too soon ...
I wish these numbers are audited by an independent firm requested by the board of directors and every area needs to provide a satisfactory explanation to the auditors questions. They will find so many irregularities, the reported profits would become invalid.
6 billion for the year, the quarter, or the month...does it matter? It's not being invested back in the company to incentivize those who do the work.
Just like every industry it will consolidate into 3 players. In this space eventually one payer where direct payments come from the government. The services covered will revert back to bare bones catastrophic just like old times. And surprse one will still have to by supplemental coverage just like the magic medicare of today. The real villains are the American medical association that kept the amount of seats for medical training in top tier med schools below demand to keep them prices high for the guild members back in the mid 90s. Without that step there would be no reason for insurance to exist in the first place.
Profits will be shared with c suites since they dont earn enough
It’s a heist. Simple con men using healthcare as a means to steal money “legally” from US citizens. You’ll see a ramp up now that people are catching on.
@bm+1jhmy0f5r
I was thinking about this too.
Every industry in the country is doing lay offs. It’s seems damn near impossible to get a job anywhere from what I’ve seen in person and online. Most of those companies use UHC for their insurance so what’s going to happen when their own employees PLUS people from other cooperations don’t have the insurance because they got laid off and their job offshored. Offshoring a job only helps that country, I’m still baffled higher management expects the economy to bode well for them when that money isn’t in circulation here at home. Can’t buy your products if we’re all broke.
Worst part is the company makes money from premiums paid by US based employees. When you offshore and outsource them, pool of people paying for premiums also goes down. Who will be able to pay for all the services they are selling.
$6 billion is just for the 4th quarter, ding do-g.
They only made $22 Billion last year and didn't make "internal metrics" for a raise.
At ONLY $6 billion this year, they'll have to cut half the work force company wide.
https://news.bloomberglaw.com/health-law-and-business/ftc-accuses-cvs-cigna-unitedhealth-of-abusing-middleman-role