General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsUnited Healthcare Craters, plans to bone Seniors to cut costs
UnitedHealth stock craters as CEO calls disappointing results 'unusual and unacceptable'
"Adding to its troubles, senior patients in its Medicare Advantage business began using more services "far above" the increase planned for this year, the company said.
Case in point: Last year, the company reported a medical care ratio or the amount of premiums collected that were paid out as medical costs of 85.5%, up sharply from 83.2% the prior year. This year, it expects a ratio of 87.5%. UnitedHealth cited premium hikes for the issue.
And the company inherited patients from other insurers in 2025 that were sicker than they appeared on paper, Witty said.
"We added more new Medicare patients to Optum Health, a portion of whom were covered by plans that were exiting markets," he said. "They experienced a surprising lack of engagement last year, which led to 2025 reimbursement levels well below what we would expect and likely not reflective of their actual health status."
" While we are decidedly unsatisfied with these results, our growth and foundation for improvement remains solid," Witty said.
Witty called the issues "highly addressable" and said the company is focusing on proactively monitoring its senior customers."
https://finance.yahoo.com/news/unitedhealth-stock-craters-as-ceo-calls-disappointing-results-unusual-and-unacceptable-131137884.html

dalton99a
(88,193 posts)orangecrush
(24,196 posts)Of course, they know they can get away with anything now.
orangecrush
(24,196 posts)From the link -
"UnitedHealth said policy changes during the Biden administration reducing reimbursement rates from the government for Medicare Advantage patients intended to prevent abuses of the system by insurers and reduce costs to taxpayers meant UnitedHealth and other insurers had to foot the bills to a greater extent, weighing on 2025 profits."
Moostache
(10,444 posts)I care zero about the fate of an insurance company that generates "revenue" by collecting premiums and denying coverage. Vampire companies that derive their wealth and existence by sucking the literal life out of people should all be closed down and eliminated, period. Go cry to the GOP UHC...go see how much more they are willing to hand over to you to keep your parasitic venture going...
Goddman my blood pressure is through the roof today reading this stuff....time to go away again or I may just stroke out on my fucking keyboard already.
orleans
(35,902 posts)Tadpole Raisin
(1,743 posts)What are the three different levels of vocabulary in newspeak?
The three levels of vocabulary are A, B, and C. Class A is words for basic, everyday life. Class B consists of political words made shorter or easier to take away their power. Class C is technical and scientific words, only needed by those in certain jobs.
What is the purpose of newspeak?
Newspeak was created so the Party could control its people. Without complex words, the Party can essentially control the thoughts of the citizens and prevent them from thinking anything against the government.
What does the term newspeak mean?
Newspeak is the language created by the government of Oceania. It is mainly a simplified version of English that takes away people's ability to express complex thoughts and ideas.
How does newspeak control society?
Newspeak prevents the people of Oceania from thinking any "illegal" thoughts. If they do not have any words to describe how they think or feel, they cannot commit any "thoughtcrimes."