So BlackRock is the issue?

I think it’s known by now blackrock owns UHG, read so many articles and saw a few YouTube videos of blackrock suing UHG because stocks are falling because ( wait for it)
Brian T scared the uppers s***less and now they are actually approving medicine and procedures, you know like what a health insurance company should do. But now these sc-m of the earth shareholders aren’t able to buy their 5th mega yacht. I’m sure the videos and articles are exaggerated but I don’t think it’s by much: the more people die the more money they make, this is sick and I want to vomit. Lawmakers need to change this, but yes because they are losing money because PEOPLE ARE FINALLY GETTING PROPER HEALTHCARE . There will be layoffs.

TLDR: MORE LIVES SAVED = LESS MONEY FOR UPPER MANAGEMENT AND SHAREHOLDERS SO THERE WILL BE LAYOFFS.

Comment! It's anonymous!

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@aj The provision of and payment for healthcare should be nonprofit. Period. It's impossible to do right by patients while delivering for shareholders.

Rather than 80-85% MLR and UHC getting hit for ~89%, it should be 95%. We hear efficiency, cutting costs, etc. System is bloated and simple ways fix it that would destroy the industry. Cost of care rising (healthcare workers, treatments, etc) doesn't mean administration (paper pushers and AI) needs to go proportionally. MLR should be approaching 100% as AI, efficiency, and simple fractions make it cheaper to operate a Payer.

Institutional shareholders won't stop progress forever. The house of cards collapsed - the longer (and further) stock is down, there will be calls from activist investors to 1) remove SH and 2) break up UHG. Unlock value from the tech/services side of the business that has runway vs the Payer and Provider sides that rely on a disappearing upcoding shell game and double dipping.

These three have largest stake in almost all publicly traded companies
Vanguard Group Inc
Blackrock Inc.
State Street Corporation

but then look at top holders of blackrock
Vanguard Group Inc
State Street Corporation

then look at top holders of state street
Vanguard
Blackrock

Its a giant circlej--kof finance

Blackrock is the #1 or #2 largest shareholder in almost ALL of the companies you can name. Check it out.

As long as UHG is a publicly traded company, they will never succeed in fulfilling their mission statement. Their true mission is to satisfy their shareholders and line the greedy pockets of our leadership (sorry, SH...one house would be sufficient). The members and employees are just pawns, a way for the means to an end. They don't care if patients suffer or die. They certainly don't care about American employees, the American economy or quality (all of which affect results); you can't succeed by selling out your company to other countries just to buy another yacht. If they truly are serious about strengthening this company, start putting your American employees first, and even if the shareholders don't earn as much - do the right thing for your patients. Now, that's innovative.

MA has always been problem and it continues to drag the company down as a whole as well as all the outsourcing thrown overseas, not to mention the AI push. It's ridiculous, pathetic, and sickening.

Yeah but those stakeholder tantrums lead to layoffs so the company can keep them happy

Thread regarding Optum layoffs

So BlackRock is the issue?

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