With stagnant Medicare rates and increased cost of care are certain business lines just at the point where they won’t make enough revenue to be worth it any more? From the sounds of it UHG is letting go of many folks who has been performing well overall and the only reason I can think of is what they were doing is no longer profitable enough. I’m not privy to these sort of numbers but I would interested to know if anyone has any insights. This is not meant to be an excuse for the lay offs and the distress to individuals and families they have inevitably caused.
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UHG is a 400,000 employee behemoth, not a scrappy start up. The entire business model revolved around over charging UHC MA users at Optum clinics. That is over, forever.
There is no “just do what this smaller company Conviva did” for a company this size. The curtains are ready to fall here.
Conviva is expanding and hiring a bunch so some of these companies are making it work. With 1000s of people becoming Medicare eligible every day I am really surprised Optum can't find a way to grow too, answer has to be bad management.
Yes. Virtually all the financial aspects of what we offer like health goods and services are on the chopping block if the administration proposal goes live. As in, everyone is gone.
I am sure there will be other impacts elsewhere too, but I cannot speak to those.