A company that treats its employees like garbage, barely cares about the people it's supposed to serve, and only chases the bottom line should not last. No one is too big to fail. Just ask Enron. Elevance leadership might figure that out sooner rather than later.
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This is a business that cannot fail. Mismanagement, corruption, greed, kickbacks, incompetence will not stop us. We just raise the rates to cover. Soon we will be paying 100K per year for health insurance with a 200K deductible.
Fraud and denial of services to members.
Pharmaceuticals.. I need to say no more..
Cost savings by riffing US employees and offshoring to the Philippines.
Anthem makes billions in profit each year, that’s how they stay in business.
This company has no plan. Just a matter of time before they start selling off businesses.
@OP Valid question especially since this company continues to hire leaders with no postsecondary education. Some things just cannot be learned on the job otherwise they are learned at the expense of others. So there's definitely something to be said for those who have gone to school, done the hard work, and proven themselves scholastically and professionally. Running a company on a bunch of people with high school diplomas is a sure way to tank a company. I'm just saying!
We stay in business because we collect massive premiums from our commercial members, most of them only visit the doctor once or twice a year therefore the actual medical cost to the company is minimal, which leaves us sitting on piles of cash. That’s the reality and it’s why those at the very top aren’t incentivized to care about what really happens on the ground.
I do remember Enron which is why I did not sink a lot of money into Elephants stock.
Apparently not. They haven't bought any other companies lately. Wasn't that the big plan to reach employing 100,000+ employees and expanding membership...???