This company is blaming falling stock price on costs for care rising? Curious if people think this is the real explanation.
6 replies (most recent on top)
Rising healthcare cost is a concern. We use to see folks get 1 and done treatments. Now we are seeing ongoing life long treatments. Example: There are millions of people going monthly for arthritis injections. That was not a thing even 10 years ago.
It is not the only issue at UHG. They need to eliminate a significant number of leadership roles. There are teams who I am not joking have 3 layers deep of VP's, multiple CEO's and 3 to 4 layers of Directors. Its not needed.
Let’s be clear, it’s about shi**y service
Utterly Horrible upper management with employees looking on in disbelief for years and no action from the board- they just want their stock payout- whoopsie! Not worth so much now, but they will get it up, no worries, it’s the main goal of the company! But they are likely faking the poor ISNP, HC, LM earnings, writeoffs are their fave! They just move it all around, I mean Optum to UHC to Optum- pay attention. Clinical, Remember Summit? I haven’t looked up the writeoffs for tax purposes, but would bet my next paycheck it has reduced dramatically, why they aren’t flying clinicians out to Vegas on the red eye to walk 13 miles a day, get zero sleep, for great educational writeoffs, the parties and food used to be great tho, and lodging exceptional, I will say, think that was under Kristi, Traci, Hope- when they had people making decisions that had a whiff of clinical experience, even if it wasn’t remotely recent, but called a DNP a doctorate of nurse practitionering, but that was closer than any execs get to understanding their staff. But executive golf and gambling vacas were great back in the day. So quality care that actually reduced hospitalizations, they funded companies that actually DID that and made them lots of moolah, they were wonderful companies that did good works, and true community service, then they bought them cause NO one should make any money besides them-they need ALL of it, start ups be damned. Then they dismantled them, cause the perfection and the beautiful reason they started to actually serve needed to feed the machine, it needed MORE MORE MORE. They will never be able to achieve that again under Optum, they run it like a sweat shop. And so it never was again
They deny deny deny, pay Pennies on the dollar for everyone care . What’s causing them to have falling stock prices is all the creepy things they do. Bad news, investigations and basically lying , can you imagine if they all grew Pinocchio noses. They be miles long.
@a6 Ha! Those end dates have been planned by Optum for a long time. They absolutely love reducing staff. It isn't about client, provider, and patient satisfaction. It is all about money, money, money.
Rising care plus a WH looking to cut on federal subsidies to healthcare. The Medicaid cuts basically put an end date on at least a few thousand jobs here once the 2026 deals are inked.