UnitedHealthcare CEO Brian Thompson was fatally shot, with his wife revealing prior threats over healthcare coverage, raising questions about his controversial role.
Exactly, so they need to always have cash on hand to cover the insured.
IDK how this is run, and I find the existence of private health insurance despicable.
But for a capitalist system, where health insurance is run like a business, 6% profit on revenue is not a lot.
It’s not the 6% that is the problem. Because an insurance company needs to have profits and a healthy cash flow, to be able to cover the insured.
But allegedly the company used AI to make decisions on coverage, if that’s true, that may have been a way bigger problem.
Revenue is not profits. The profits are $28 billion, that’s only 6% which is actually low.
$28bn is A Lot Of Fucking Money, my dude. Like…a lot.
At a rate of $20 an hour, it would take a person almost 160,000 years to earn that kind of money.
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$28, 000, 000, 000.00 is low?
lmao
How many people did they kill for that $28B?
Yep, 28 billion isn’t much profit. How will he be able to afford his 300th yacht now on his measly salary?
OK,
https://www.msn.com/en-us/money/companies/unitedhealth-forecasts-2025-profit-largely-in-line-with-estimates/ar-AA1vdEUm
Exactly, so they need to always have cash on hand to cover the insured.
IDK how this is run, and I find the existence of private health insurance despicable.
But for a capitalist system, where health insurance is run like a business, 6% profit on revenue is not a lot.
It’s not the 6% that is the problem. Because an insurance company needs to have profits and a healthy cash flow, to be able to cover the insured.
But allegedly the company used AI to make decisions on coverage, if that’s true, that may have been a way bigger problem.
I would be very surprised if that cash was included in profit.