I think it's ridiculous my premiums are going up by quite a bit yet they posted over $250bn in profits this year. What the he-l.
4 replies (most recent on top)
you didn't really think they would pass any profits or savings on to you or the consumer did you? they are greedy as f - CEO whoever will never give up a dollar to help someone less fortunate - if they cant profit from it. but rest assured they will get what they deserve in the end - that is all - :)
Fu-k this company and the ceo. With the premium raise and my most likely pittance of a raise I will be making much less this year. I already see it reflected in my check. If they are reading this this FU-K YOU Greedy Fu--s!
@2jwm+1edWmX2y
"You obviously don’t know how a business works if you think the profits are just sitting in an account waiting to spent on something…anything."
Sounds like you don't know what YOU'RE talking about.
UHG 2020 Year End Shareholders report: https://www.unitedhealthgroup.com/content/dam/UHG/PDF/investors/2020/UNH-Form-10-K.pdf
Page 43 lists the "Summary of our Major Sources and Uses of Cash and Cash Equivalents" and start there.
It states:
Financial Condition
"As of December 31, 2020, our cash, cash equivalent, available-for-sale debt securities and equity securities balances of $59.0 billion included $16.9 billion of cash and cash equivalents ((((((((((of which $1.3 billion was available for general corporate use))))))))))))), $39.8 billion of debt securities and $2.3 billion of equity securities."
Pg 44 under "Capital Resources and Uses of Liquidity"
Cash Requirements.
The Company’s cash requirements within the next twelve months include medical costs
payable, accounts payable and accrued liabilities, commercial paper and current maturities of long-term debt, other current liabilities, and purchase commitments and other obligations. We expect the cash required to meet these obligations to be primarily generated through cash flows from current operations; cash available for general corporate use; and the realization of current assets, such as accounts receivable.
Here's some extracurricular reading for you, if you're not seething hard enough after my first point.
" Why Are Companies Sitting on So Much Cash?" - Harvard Business Review 01/17/2020
https://hbr.org/2020/01/why-are-companies-sitting-on-so-much-cash
Your post was low effort post at best.
But hey, @2jwm+1edWmX2y...... Don't take it so hard on yourself. We all know that HR loves to sick their minions(you) on this board to try and demoralize and scare us further.
You obviously don’t know how a business works if you think the profits are just sitting in an account waiting to spent on something…anything.