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Re: Whalatane post# 405394

Thursday, 03/09/2023 2:23:02 PM

Thursday, March 09, 2023 2:23:02 PM

Post# of 448124
The US Insurance Industry... Privatized Profits. Socialized Losses. None of the big players care about paying for expensive procedures. It gets diluted out to ever increasing premiums to the general population. Even better when you lobby hard enough to make your home government fund your activities. What they care about is their negotiated pricing with care providers and their margin off those procedures. They'd much rather take their 5% cut off a $20k revascularization than a $2k Rx. Especially when they will have the patient get the $2k Rx after the procedure anyway. And if someone has a full on blowout in the ER that costs them a little money? Oh well... just divvy it up and expense it to the premium payers. Prevention simply isnt in their business model.

UnitedHealth Group reported a 370.81% increase year-over-year in gross profit for the quarter ending December 31, 2022 and a 103.18% increase year-over-year in gross profit for the twelve months ending December 31, 2022. The company returned $4 billion to shareholders through dividends and share repurchases and increased the dividend by 14%. Return on equity was 27.9%.



Nobody makes money by saving money, dude.
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