i worked in the medical field for 8 years and during those 8 years i noticed that the billers always hated working with united health care claims , they would just find way of not paying for services
Yup. Current medical biller, and they are my most disliked insurance to deal with. They come up with new reasons all the time to reject claims, and if all else fails, they just pay you wrong. Everything is a fight with them and costs your doctor more money to deal with in the end. Fewer options and monopolies will never be a good thing.
Wow, you found that too? I as the end user hated them since I started noticing less and less providers accepting them. If I may ask what were you working as?
This is disgusting. Break them up. I guarantee you they spend a pretty penny to own half of Congress and they're probably a key reason our healthcare is getting so terrible and overpriced.
@@R3tr0v1ru5 What free market? It literally can't get any worse, and the entire system is controlled by a few monopolies, and they bribe the gov to avoid regulations. We have one of the worst systems in the developed world, so at least make it free instead of for-profit.
The fact that a health insurance company can be "attractive to investors" in the first place is the main problem. This should not be a profit-driven industry.
Look how the government is doing with the police force - it’s an absolute mess. Why should I believe it will be better? I have more trust in many private companies than in the government’s management.
@@edwardkierklo9757 -- Sorry, perhaps "not-for-profit" is a better term than "non-profit" here. Obviously any entity needs to earn enough revenue above the costs of doing business to be able to not only procure the resources needed to operate the business, but you also pay for the rent on buildings where the employees work, pay for electricity and water for those buildings, and obviously to pay their employees for the work they do, and cover state/federal/FICA/municipal taxes on those paychecks. But medical insurance should not be an industry where you have a CEO at the top of the company earning millions of dollars, with an incentive to cut the services provided in order to maximize the difference between the revenue brought in by collecting premiums, and the cost of doing business by paying out on the medical claims and paying for the insurer's own employees and operating costs.
Wow, I'm surprised my comment got suppressed. Yes all businesses need to earn enough of a profit to cover their operating cost and pay their employees. But there are exorbitant profits that are not necessary in this particular industry in this country. There's a better way to do this.
ObamaCare is modeled after RomneyCare which is modeled after the Swiss healthcare system - the second most expensive in the world. The difference has been that the Swiss system has had outcomes comparable to other developed countries. But lately the Swiss system is degrading into the exploitive ObamaCare model.
UHC is the legit worse, there are smaller companies like Aetna, BCBS that are far better. My employer forced me to buy UHC, that's how I knew my employer s*cked
He had “depose” on a shell case because UNITED HEALTH will be deposed in which dirty little secrets can be brought to light as part of discovery during the pre-trial process. This time they don’t get to defend themselves like they normally do, they’ll get deposed.
UHC is good at only one thing: efficiently moving wealth from healthcare consumers and taxpayers into its own pockets. To suggest it cares about people's health or the quality of healthcare in the US is laughable. And, they own the politicians and regulatory apparatus that supposedly keeps them in check, so it is just going to get worse. Ultimately, as the quality of care declines, the cost of healthcare in the US will become a crisis because borrowing from future generations to pay for today's perpetual skyrocketing costs just isn't sustainable, but that won't stop parasitic UHC executives from milking it for all they can get. Healthcare and health insurance is the new organized crime and this time, the government is its friend.
For years, a relative has traveled to Colombia for every medical treatment, except urgent of course. They have very nice hospitals for very much less. Portugal is the cheapest and best for healthcare.
Yes but why on earth the wealthiest country that already spends the most amount of money on healthcare in the world wouldn't reform and make universal healthcare for everyone. Why do Americans think that would make their taxes higher when they pay more money than any single patient on this planet?You would think that Americans would be the longest living and healthiest population by the amount of money you throw at hospitals, medical treatments and medications. And now after all that you are going to Portugal to get treatments. It makes me so sad and angry for you guys especially for the people that are not so fortunate to be rich. I don't know how you put up with this and still vote for people that allow this nonsense to happen.
UHG doesn't have the customer's health in mind. They just have their pocketbook in mind. That's why they want it to be an ecosystem you can't escape - so you're always forced to pay them from birth to death. That's also why they go out of their way to avoid allowing their insured to do business with so many healthcare providers. Disgusting.
Then don't buy united healthcare, buy something good like aetna maybe? You get what u pay for basically.... UHCs insurance is basically a donation cuz it doesn't cover anything....
This aged well lol. Unfortunately, some of united health group's customers did not cause they died being deind care so the executives could buy their 5th yacht.
It's December 8th 2024 and Robin Hood is still on the loose. Authorities did find the hit mans backpack. Authorities reported that the backpack was filled with monopoly money. Not kidding
I had UHC... I quit it after they billed me twice the payment month. I called to request a refund or apply it for the following month... spoke with a rep and she asked me how to subtract the current year from my birth year then asked me how old I am. If you can't do simple math then don't work where numbers are important like "randomly" billing people twice.
They can do math. This is a game a lot of insurers pay. It's basically a form of gaslighting. They pretend to not understand the most basic things hoping that you'll just get angry and give up. Apparently it works because it's a widespread tactic
** insurance should not be this profitable. We need a government insurance competitor that doesn’t make any profit to bring these private insurance companies to their knees. They’re too powerful and cocky to the actually people providing the healthcare like docs, nurses, techs.
@@alb12345672 they suddenly decided that after 5 years of taking my medication that I should start over the process of evaluating for my condition. They kept citing prior approval but kept refusing my doctor's explanations. They suggested more tests but then refused to cover those tests. After 4 months of trying I swapped to another plan with Aetna and got my medication in less than a week. I absolutely despise United and everything they represent.
Dear Mr. and Mrs. Thompson, We are very sorry to notify you that your claims are denied due to the pre-existing conditions Mr. Thomson suffered from long before the incident happened. The case is closed. By the way, we are very proud that UHC has the highest denial rate in the country. Sincerely UHC Claims Department 1-800-get-lost
I work for a small doctors office as the biller. More often that not I see claims being paid by UHC then “reprocessed,” by UHC and then retroactively denied leaving me and the patient to appeal the retroactive denial.
This is what happens when multiple interests converge on an industry Government, capitalist companies and corporations, medical groups, providers, etc It’s neither full blown market capitalism, and it’s not full blown socialism. I do think a hybrid can work better than what we currently have, but the way we’re doing it is benefiting everyone except the consumer. The average every day American citizen The ones who keep this country moving. The ones you want healthy and well, for years to come, so they can be healthy and work, for a while, AND, create families Political interests and lobbying, insurance companies and pharmaceutical and medical companies having to mostly emphasize profits over actual *_HEALTH, CARE_* , is an inherent conflict of interest
Exactly. They are raking in premiums and copays, have high deductibles, and take government subsidies for people who are eligible for subsidies. Medical insurance companies are awash with money.
@Leaf Blower When the government came in to “help” with Obamacare they were handing out fines sometimes amounting to $7,000 for having no insurance. Some people were forced into buying insurance they couldn’t afford. Some people were paying $1,000\month for insurance they didn’t want. Do you have a better plan or the same Brain dead plan as the last?
Makes me wonder why I pay for health insurance. I pay for half of my policy while my employer pays the other half. It's tempting to pay for health care out of pocket for everything because the health insurance companies will screw me over anyway. Why pay them anything?
No that’s not crazy, it’s stupid. What we need is more competition, not less. Name me one monopoly, private or public, that does a great job. You can’t. But I can cite endless examples where everything got better and cheaper by having price and service and product competition.
@@jameslee5237 So the shareholders (is the citizens) have no incentive to make a certain service better? Sounds like we can't even trust citizens to look after the greater interest of each other
@@Demopans5990 I don’t think you understand what a company is. A company exists to make money. If it’s making money, the shareholders are happy. The role of government is to ensure monopoly doesn’t exist in the marketplace, and that external costs (like pollution) are borne by the creators of those costs. If they did that (which they don’t due to corruption and ignorant voters), most things would take care of themselves.
@@jameslee5237 Standard Oil, until that was broken down. The US military seems to do a good job around the world. My local electric utility has damn good service and it's cheaper than the "free market" utilities.
I loathe United. It's the insurance I get through my company. I have to be on a serious maintenance medicine for life. The side effects of this medicine can be fatal, so my doctor has me visit monthly for blood work in order to get my prescription filled. United refuses to pay anything for my medicine. Their reason? They only pay for 3 month supplies of maintenance medicine. My doctor contacted them insisting it wasn't safe to fill a 3 month script. United didn't care. A 3 month supply would cost me $17 but since I can't get that, a 1 month non covered supply cost me $80. It's outrageous.
I work at UnitedHealth Group and I can say wholeheartedly it is a beyond massive organization. Waiting for them to buy a fitness centers like a Planet Fitness or Esporta to add to their collection.
@@doords I absolutely agree with your AI comment. As soon as AI is advanced enough to take in premiums and deny claims, the CEO will layoff all the employees.
Its better than most other countries, especially if you consider the price of a good insurance like Aetna and the healthcare taxes other countries. The worst insurances to avoid are UnitedHealthcare and Blue Cross, any other provider is decently good.
If you have UHC health insurance, good luck finding providers that are in the UHC network. The hospital that I worked at prior to retirement would not take UHC. UHC just would not pay for services.
I had UHC from my employer, left that company as fast as I could, if your employers provides u UHC, you know they give 0 about your health and well-being
I work for UHC. When I asked for a raise after one year I was told by my supervisor that I may get a dollar increase in my hourly wage at the end of the year. Let that sink in.
I'd never buy into a United Health insurance policy because I've had so many bad experiences with them when I was younger. It's too bad that the majority of people under 65 have to depend on their employer to provide health insurance. Most employers just look at the how much the policy costs. They have to get an awful lot of complaints before they'd consider ditching the lowest cost provider. But employees figure they need their job, so they don't always complain to their employer. If we all had to buy our own health insurance coverage, I'd bet United Health would lose a lot of that market cap really, really fast.
I work in medicine. My office does not accept UNH as a payer because their negotiated rates are not worth working for. Participant's premiums are being collected, but not distributed fairly. This is the reason I bought their stock, which has served me well.
So I went to high school with the daughter of one of the original founders of United Healthcare. For her 16th birthday, she got a 100k Range Rover. Two months later she totalled it, a month after that, her dad bought her a new one with more features in it. Meanwhile, one of my classmates’ mom had just lost her job while her little brother was going thru medical complications leaving them uninsured. That was the day that I told myself I would do everything in my power to make sure that company goes under…
spread awareness.. thats all we can do. maybe one day we can get people in government who actually represent the peoples interest and flush these turds down the toilet
As opposed to any other large business founder? UnitedHealth Group is around the 5th largest company in the US. You think Walmart or CVS founder would do differently?
@@steflift5165 personally I don’t care about Walmart or CVS or Apple because those are products people choose to buy and they can go elsewhere if they like. Health insurance is something you have to have and often times you don’t have a choice in the marketplace and they’ve stopped universal healthcare from passing.
Universal Healthcare now! Too many people dying, too many families going bankrupt. Doctors, remember your oath to help ALL. Fight for healthcare for ALL!
@@R3tr0v1ru5 just say you dont want lower class and middle class people to get affordable, quality healthcare. either you've been misled to work against what would benefit you or you're already rich and just dont care about anyone else.
The one thing that takes away from the USA is their fundamental "hustle until you get rich and don't care about anyone else because that takes away from your own advance". That as a strength for economic growth, also subtracts from the other end... insurance, specifically health insurance. Unless this can be worked out by the "high end of town" with coverage from above and not side-stepped by those who don't want it - only then will the pool be large enough to cope with those that draw on it, and those who pay for it.
I agree. The sentence "I don't begrudge UnitedHealth Group for doing this" is crazy. Why would you not shun those who empower and profit of these exploitative ventures. It seems the US attitude is "there is good money in it so it's understandable". The culture says that anything that is legal is fair game. No business can be immoral unless it's illegal. 🤦
@@John_Smith_86 True, Americans are too stupid to implement simple things that every other remotely advanced country takes as a commonplace. Can go to the Moon, but can't cross the street, lol.
i would prefer not to wait 6-8 months, there are good insurance in US too, like Aetna, BCBS and others, and plus its cheaper than the ridiculous tax u pay to the corrupt UK government to basically do nothing and provide the longest waiting times and low quality health care
Optum is a bigger player in the UK market than you'd think. And they're looking to get bigger - they're running out of growth opportunities in the US and the nature of being publicly traded demands continuous growth. Frankly I'd rather they not be in the UK health market and definitely not with the NHS but.. they claim they're best positioned to offer insights into populations and cost control. Which is obviously attractive to the NHS.
@@mohit4902 I've been insured by several different companies and at no point did I pay less than my UK based partner. Our wait times for PCP and specialist visits are comparable if not longer depending on specialty. British people will complain about a several week wait and paying £9 for prescriptions but I've gone to my pharmacy and gotten a bill for $60. One of my literal life saving drugs was denied and I had to forego it - it costs $10,000. Same medication in the UK w/o NHS cover? £295. The inflated costs are ridiculous and cannot be justified.
Seriously? Considering how NHS is currently unable to provide the standard of care? Like this is a bad PR period for NHS, I wouldn't use it as an example
Thank you for the video, I found out that investing is not for everybody, you just need a strong stomach too see your portfolio go down. It might be wiser for a novice to start with copy trading investing, but it is not easy. To invest in growth stocks it is another level, definitely you need to know what are you doing.
From my own point of view, you need to invest smartly if you need the good things of life. so far i've made over $255k in raw profits from just 6 months into the market from my diversified portfolio strategy and i believe anyone can do it you have the right strategy, mutual funds takes long time but investing smartly is the key for short term. Most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification.
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I've been solely investing in real estate. But with the recent hyper home pricing i've liquidated a few things and have $45k in cash laying around idle. Would love to get your recommendations, I'm in search of something lucrative in the current crazy markets, i will be glad.
@@katrinatyler675My portfolio is very much diversified so it's not like i have a particular fund i invest in, plus i dont do that by myself. i follow the trades of Mrs Karen Gaye Gray.
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UHC has become a behemoth of health insurance. Resulted in causing consumers significantly more expensive health care and premiums. We need to switch out of UNC insurance.
Some countries have a private/public option for healthcare that helps to drive cost and cost controls set by the government that way companies always have to compete with uncle sam.. Government offers a health insurance plan but your private companies can exist along side that since the government isn't incentivized by vested interests it makes things more cost competitive in the overall marketplace.
This year I'm dumping United Health as my MEDICARE supplement for MODA - a Pacific NW company. Large health-care systems have turned into large death panels that utilize AI to determine whether or not patients need/deserve the care doctors their doctors prescribe.
@@habibi750 yea........ I still can't believe there hasn't been a move in our government to immediately fix healthcare after this. How far do Americans have to go at htis point?
I have Humana Medicare Advantage. I generally hate insurance corporations, but Humana has been great. I had cancer and paid very little. On the other hand, I once saw an "Optum doctor." He spent 3 minutes with me, called me a liar, and charged me $300.
The data they have access to through their Optum business is the key. Most of United Healthcare's competitors use Optum and Change Healthcare clearinghouse and payment services, and so run large quantities of their data through UHG (as demonstrated by the impact the Change Healthcare Hack has had throughout the industry). Seems like DoJ has found evidence that the "firewall" between UHC and Optum wasn't airtight. If the largest player also happens to have direct access to all of their competitor's internal data, that is a big anti-trust issue.
I currently own UNH (UnitedHealth Group) stock but that doesn't mean I don't despise their business practices. I have heard they routinely deny people insurance claims and make life hell for people with health issues. Whilst I do think UNH is a good stock to own if you want to make money you must be also aware of the bad practices of the business and together as shareholders its important to improve the experience of customers and ensure genuine claims are paid promptly without delay.
You have blood on your hands. Giving empty lip service here to make yourself feel human is pathetic. Are you actively voicing your opinion, do you even attend, or vote? Stockholders can make them accountable. Miserable excuses for human if not because all olf you profit off the backs of the suffering sick.
"...so you wouldn't want redundancies in the system." What they're really saying is they want to eliminate competition. Funny how when they want it, they call it "competition," but when they DON'T want it, they call it "redundancies in the system."
One of the guys who worked there is worth 500 million.. that’s who the ceo was modeling.. making 20+ million a year and still doing shady insider stock trading.
It would be beneficial for the U.S. to adopt a healthcare system similar to those in Europe or Canada, and doing so may lead to a reduction in the profits of companies that currently capitalize on human health. Private healthcare should be available only to those who choose and can afford it, rather than being mandated as part of a national healthcare system. This issue is a result of excessive lobbying efforts, and it is important to address it in a way that provides the best outcome for everyone.
They have a very clear strategy with how they run their outpatient medical clinics, Optum. They recruit foreign doctors who went to medical school outside of the U.S. and therefore can't get hired at the more reputable medical groups. Basically, the PPO version of Kaiser.
The federal government should simply purchase UHC, Cigna, Humana, and other health care insurers. Merge them and consolidate all administrative functions under the CMS. And provide Medicare for ALL. Health care should not be a profit-focused service. It should be health-focused. Government may be arguably terribly inefficient in some areas, but in this regard, I'd trade some inefficiency for the high profit focus that corporations such as UHC bring to the table.
6:51 I hate corporate speak like this. It's a fluff piece designed to sound good but basically boils down to, "We're going to continue to screw you over and extract all your money from you so that you are homeless and on the street, so get over it."
I work in Revenue Cycle. UHC is just another health insurance payor crook, and they’re trying to run a trust, and have conflicting interests as a matter of their business plan.
I tried to get a Threpist but they rejected my health insurance because despite the fact that they said they support "United Health Care" They kept telling me it had "Medicaid" when in reality that is suppose to be a "Prescription Drug Coverage". This US Health Care System is so broken.
If a if the only things a corporation did was sexually abuse children and torture puppies, but offered an 18% return on investment, people would flock to buy that stock, without question.
@@joehopkins9749 You know what, guys? I have something to share with you. I recently started working with Robin Brezik and it has been a game-changer for me.
@@abircocci8157 They offer investment advice and help me with my investment goals, building my portfolio and also retirement planning. They are very professional and knowledgeable, and they tailor their services to my needs and preferences.
This company like the old AT&/T, needs to be broken up, with its functions split into seperate companies. It worked well with telecomunications, it can work with this.
youll never guess why im here, news organization from a year ago
Because of your favorite game from Nintendo.
FREE LUIGI
The company being so economically successful happens to be the same reason why so few tears are being shed over its slain CEO.
i worked in the medical field for 8 years and during those 8 years i noticed that the billers always hated working with united health care claims , they would just find way of not paying for services
Yup. Current medical biller, and they are my most disliked insurance to deal with. They come up with new reasons all the time to reject claims, and if all else fails, they just pay you wrong. Everything is a fight with them and costs your doctor more money to deal with in the end. Fewer options and monopolies will never be a good thing.
And that's why doctors are starting to refuse to take insurance at all. And you get stuck with the very worse doctors who are themselves crooks.
So true, I will never insurance with aarp or uhc
Wow, you found that too? I as the end user hated them since I started noticing less and less providers accepting them. If I may ask what were you working as?
@@darinherrick9224 unfair and wrong
This is disgusting. Break them up. I guarantee you they spend a pretty penny to own half of Congress and they're probably a key reason our healthcare is getting so terrible and overpriced.
It's not a pretty penny for them, it's barely anything for em.
Ironic that you probably want a government monopoly instead of competition in a free market.
@@R3tr0v1ru5 What free market? It literally can't get any worse, and the entire system is controlled by a few monopolies, and they bribe the gov to avoid regulations. We have one of the worst systems in the developed world, so at least make it free instead of for-profit.
@@R3tr0v1ru5for health care yes, gov run monopoly is better, universal healthcare is better. Many countries have done it and done it well.
@@R3tr0v1ru5prívate options would still be available. Universal health care is much better and cheaper
Source: lived in Germany
The fact that a health insurance company can be "attractive to investors" in the first place is the main problem. This should not be a profit-driven industry.
True 😅
Look how the government is doing with the police force - it’s an absolute mess. Why should I believe it will be better? I have more trust in many private companies than in the government’s management.
There is no non-profit entity.
@@edwardkierklo9757 -- Sorry, perhaps "not-for-profit" is a better term than "non-profit" here. Obviously any entity needs to earn enough revenue above the costs of doing business to be able to not only procure the resources needed to operate the business, but you also pay for the rent on buildings where the employees work, pay for electricity and water for those buildings, and obviously to pay their employees for the work they do, and cover state/federal/FICA/municipal taxes on those paychecks.
But medical insurance should not be an industry where you have a CEO at the top of the company earning millions of dollars, with an incentive to cut the services provided in order to maximize the difference between the revenue brought in by collecting premiums, and the cost of doing business by paying out on the medical claims and paying for the insurer's own employees and operating costs.
Wow, I'm surprised my comment got suppressed. Yes all businesses need to earn enough of a profit to cover their operating cost and pay their employees. But there are exorbitant profits that are not necessary in this particular industry in this country. There's a better way to do this.
A healthcare company making billions. That says enough.
8 BILLION per quarter. And that's NET profit by the way
When you have a huge healthcare conglomerate like UNH, you have a huge a huge conglomerate lobbying against universal healthcare.
Unless you’re so big that universal health is actually lucrative for you as a company 😮
ObamaCare is modeled after RomneyCare which is modeled after the Swiss healthcare system - the second most expensive in the world. The difference has been that the Swiss system has had outcomes comparable to other developed countries. But lately the Swiss system is degrading into the exploitive ObamaCare model.
@@markfitzpatrick7186 fake news.
Clearly, it’s not about health care, it’s about money.
CEO just got smoked. Justice
Lol
"People will get healthier because it's all tied together" under one company... yeah right ok.
Now you can get denied by the same company at every level! Who needs heath care when the shareholders have money!
Theoretically, that comment makes sense...but more importantly, what is the reality though?
UHC is the legit worse, there are smaller companies like Aetna, BCBS that are far better. My employer forced me to buy UHC, that's how I knew my employer s*cked
That's the lie they kept spewing out, and some idiots actually believe it.
Lul
Wouldn't this be considered a monopoly? Is that why the backpack had monopoly money in it?
Yep
He had “depose” on a shell case because UNITED HEALTH will be deposed in which dirty little secrets can be brought to light as part of discovery during the pre-trial process. This time they don’t get to defend themselves like they normally do, they’ll get deposed.
The CEO of United Health in Dec 20224 had his policy cancelled.
UHC is good at only one thing: efficiently moving wealth from healthcare consumers and taxpayers into its own pockets. To suggest it cares about people's health or the quality of healthcare in the US is laughable. And, they own the politicians and regulatory apparatus that supposedly keeps them in check, so it is just going to get worse. Ultimately, as the quality of care declines, the cost of healthcare in the US will become a crisis because borrowing from future generations to pay for today's perpetual skyrocketing costs just isn't sustainable, but that won't stop parasitic UHC executives from milking it for all they can get. Healthcare and health insurance is the new organized crime and this time, the government is its friend.
They reject everything but mail me letters saying my health is their first priority. Laughable
UnitedHealthcare has shipped all IT jobs to India. It is essentially an Indian managed health insurance company.
Hmmm them & many other companies. Some even shipped to Mexico
Run by American doctors and American money lovers
TH-cam algorithm building Luigi's defense case.
For years, a relative has traveled to Colombia for every medical treatment, except urgent of course. They have very nice hospitals for very much less. Portugal is the cheapest and best for healthcare.
Yes but why on earth the wealthiest country that already spends the most amount of money on healthcare in the world wouldn't reform and make universal healthcare for everyone. Why do Americans think that would make their taxes higher when they pay more money than any single patient on this planet?You would think that Americans would be the longest living and healthiest population by the amount of money you throw at hospitals, medical treatments and medications. And now after all that you are going to Portugal to get treatments. It makes me so sad and angry for you guys especially for the people that are not so fortunate to be rich. I don't know how you put up with this and still vote for people that allow this nonsense to happen.
“When the rich rob the poor, it’s called business. When the poor fight back, it’s called violence.” -Mark Twain
UHG doesn't have the customer's health in mind. They just have their pocketbook in mind. That's why they want it to be an ecosystem you can't escape - so you're always forced to pay them from birth to death. That's also why they go out of their way to avoid allowing their insured to do business with so many healthcare providers. Disgusting.
Never ever buy UHC as insurance, there are far better options like BCBC, Aetna etc,
Then don't buy united healthcare, buy something good like aetna maybe? You get what u pay for basically.... UHCs insurance is basically a donation cuz it doesn't cover anything....
It is really scary what is happening in US healthcare
Yep, get rid of government.
and how they want to spread to other countries like the UK
@@R3tr0v1ru5 Having even more greed will definitely help.
Nobody is more greedy than the government and nobody is as useless as the government.
@@TomNook.Hope Europe will be smart enough not to let this cancer spread
This aged well lol. Unfortunately, some of united health group's customers did not cause they died being deind care so the executives could buy their 5th yacht.
Greed has caused the death of its CEO. Who is to blame? Well, the company and its CEO. Period.
The CEO of United healthcare was killed today Wednesday December 4th 2024 in Midtown Manhattan and as of 9:34 AM the hit man is still on the loose
Karma paid a visit
It's December 8th 2024 and Robin Hood is still on the loose. Authorities did find the hit mans backpack. Authorities reported that the backpack was filled with monopoly money. Not kidding
@ not monopoly money 😭😭😭😭😭
They got a patsy now
@@habibi750wow you ppl are naive. You watch too many movies
Why should insurance companies know your health history and your medications? That should be sacred information between your doctor and you.
I had UHC... I quit it after they billed me twice the payment month. I called to request a refund or apply it for the following month... spoke with a rep and she asked me how to subtract the current year from my birth year then asked me how old I am.
If you can't do simple math then don't work where numbers are important like "randomly" billing people twice.
They can do math. This is a game a lot of insurers pay. It's basically a form of gaslighting. They pretend to not understand the most basic things hoping that you'll just get angry and give up. Apparently it works because it's a widespread tactic
Healthcare should not be this profitable. It needs to be broken up
They really care for their customers though.
** insurance should not be this profitable. We need a government insurance competitor that doesn’t make any profit to bring these private insurance companies to their knees. They’re too powerful and cocky to the actually people providing the healthcare like docs, nurses, techs.
@@alb12345672 they suddenly decided that after 5 years of taking my medication that I should start over the process of evaluating for my condition.
They kept citing prior approval but kept refusing my doctor's explanations. They suggested more tests but then refused to cover those tests.
After 4 months of trying I swapped to another plan with Aetna and got my medication in less than a week.
I absolutely despise United and everything they represent.
As a shareholder, I disagree. There is no inherent right to healthcare.
Imagine not being able to tell the difference between actual healthcare expenses and
fking insurance
Dear Mr. and Mrs. Thompson,
We are very sorry to notify you that your claims are denied due to the pre-existing conditions Mr. Thomson suffered from long before the incident happened. The case is closed.
By the way, we are very proud that UHC has the highest denial rate in the country.
Sincerely
UHC Claims Department
1-800-get-lost
Luigi was paying attention … lol
Feels relevant in December 2024.
I work for a small doctors office as the biller. More often that not I see claims being paid by UHC then “reprocessed,” by UHC and then retroactively denied leaving me and the patient to appeal the retroactive denial.
We need national healthcare.
@@fitsom-one ??? What about having claims denied sounds good to you?
@@fitsom-one Did you read the comment? Claims denied cannot be good..can it?
Sounds like a pain. I try to avoid UHC
Never ever buy UHC as insurance, there are far better options like BCBC, Aetna etc,
Really easy to make money hand over fist when you take in premiums and then refuse to cover anything
This is what happens when multiple interests converge on an industry
Government, capitalist companies and corporations, medical groups, providers, etc
It’s neither full blown market capitalism, and it’s not full blown socialism. I do think a hybrid can work better than what we currently have, but the way we’re doing it is benefiting everyone except the consumer. The average every day American citizen
The ones who keep this country moving. The ones you want healthy and well, for years to come, so they can be healthy and work, for a while, AND, create families
Political interests and lobbying, insurance companies and pharmaceutical and medical companies having to mostly emphasize profits over actual *_HEALTH, CARE_* , is an inherent conflict of interest
Exactly. They are raking in premiums and copays, have high deductibles, and take government subsidies for people who are eligible for subsidies. Medical insurance companies are awash with money.
@Leaf Blower When the government came in to “help” with Obamacare they were handing out fines sometimes amounting to $7,000 for having no insurance. Some people were forced into buying insurance they couldn’t afford. Some people were paying $1,000\month for insurance they didn’t want. Do you have a better plan or the same Brain dead plan as the last?
Makes me wonder why I pay for health insurance. I pay for half of my policy while my employer pays the other half. It's tempting to pay for health care out of pocket for everything because the health insurance companies will screw me over anyway. Why pay them anything?
People don't get healthier, they just get to spend more when one company controls the entire healthcare chain.
This may sound crazy, but what if we buy out the health insurance companies and then the government takes over insurance as single payer?
No that’s not crazy, it’s stupid. What we need is more competition, not less. Name me one monopoly, private or public, that does a great job. You can’t. But I can cite endless examples where everything got better and cheaper by having price and service and product competition.
@@jameslee5237
So the shareholders (is the citizens) have no incentive to make a certain service better? Sounds like we can't even trust citizens to look after the greater interest of each other
@@Demopans5990 I don’t think you understand what a company is. A company exists to make money. If it’s making money, the shareholders are happy. The role of government is to ensure monopoly doesn’t exist in the marketplace, and that external costs (like pollution) are borne by the creators of those costs. If they did that (which they don’t due to corruption and ignorant voters), most things would take care of themselves.
@@jameslee5237 my electric & water utility companies do pretty well
@@jameslee5237 Standard Oil, until that was broken down. The US military seems to do a good job around the world. My local electric utility has damn good service and it's cheaper than the "free market" utilities.
No one is talking about the DOJ investigation now.
Defend. Deny. Depose.
I loathe United. It's the insurance I get through my company. I have to be on a serious maintenance medicine for life. The side effects of this medicine can be fatal, so my doctor has me visit monthly for blood work in order to get my prescription filled. United refuses to pay anything for my medicine. Their reason? They only pay for 3 month supplies of maintenance medicine. My doctor contacted them insisting it wasn't safe to fill a 3 month script. United didn't care. A 3 month supply would cost me $17 but since I can't get that, a 1 month non covered supply cost me $80. It's outrageous.
What is $80? Lolz
I work at UnitedHealth Group and I can say wholeheartedly it is a beyond massive organization.
Waiting for them to buy a fitness centers like a Planet Fitness or Esporta to add to their collection.
curious...what do you do there?
@@christopherreed3019 prolly find ways to overcharge ppl for their insurance, UHC is the worst of all the insurance companies out there
Wait till they get into the AI business and it's mass layoff time
The place i work at got acquired by them lol and can confirm it is indeed a very massive organization.
@@doords I absolutely agree with your AI comment. As soon as AI is advanced enough to take in premiums and deny claims, the CEO will layoff all the employees.
The medical system in the US is broken. Even working people cannot afford normal levels of medical support - this is crazy.
add rent, vehicles, food
You can blame insurance companies like the one in this video for that.
@@Misaka-gt5yj The free market drives prices down, though TBF the US isn't a free market, it's riddled with Socialism at this point.
Its better than most other countries, especially if you consider the price of a good insurance like Aetna and the healthcare taxes other countries. The worst insurances to avoid are UnitedHealthcare and Blue Cross, any other provider is decently good.
If you have UHC health insurance, good luck finding providers that are in the UHC network. The hospital that I worked at prior to retirement would not take UHC. UHC just would not pay for services.
I had UHC from my employer, left that company as fast as I could, if your employers provides u UHC, you know they give 0 about your health and well-being
Take in premium money,
pay out zero claims money,
Profit Profit Profit and CEO Bonuses!!!!
Exactly 💯
that's what I thought, isn't it one of the worst?!
Wrong I have UHC and Aetna I barely pay for anything with UHC free Dental plus eye Doctor 😂😂
The Health Insurance Industry is facing the same anger as the Banks faced during the financial crisis of 2007-2008
I work for UHC. When I asked for a raise after one year I was told by my supervisor that I may get a dollar increase in my hourly wage at the end of the year. Let that sink in.
UHC is a terrible company to work in.
I'd never buy into a United Health insurance policy because I've had so many bad experiences with them when I was younger. It's too bad that the majority of people under 65 have to depend on their employer to provide health insurance. Most employers just look at the how much the policy costs. They have to get an awful lot of complaints before they'd consider ditching the lowest cost provider. But employees figure they need their job, so they don't always complain to their employer.
If we all had to buy our own health insurance coverage, I'd bet United Health would lose a lot of that market cap really, really fast.
FedEx uses United healthcare because they're cheap and they don't cover anything. We used to have Blue cross and that was a lot better than UH
I work in medicine. My office does not accept UNH as a payer because their negotiated rates are not worth working for. Participant's premiums are being collected, but not distributed fairly. This is the reason I bought their stock, which has served me well.
So I went to high school with the daughter of one of the original founders of United Healthcare. For her 16th birthday, she got a 100k Range Rover. Two months later she totalled it, a month after that, her dad bought her a new one with more features in it. Meanwhile, one of my classmates’ mom had just lost her job while her little brother was going thru medical complications leaving them uninsured. That was the day that I told myself I would do everything in my power to make sure that company goes under…
spread awareness.. thats all we can do. maybe one day we can get people in government who actually represent the peoples interest and flush these turds down the toilet
As opposed to any other large business founder? UnitedHealth Group is around the 5th largest company in the US. You think Walmart or CVS founder would do differently?
@@steflift5165 personally I don’t care about Walmart or CVS or Apple because those are products people choose to buy and they can go elsewhere if they like. Health insurance is something you have to have and often times you don’t have a choice in the marketplace and they’ve stopped universal healthcare from passing.
Optum RX is HORRIBLE. If you thought customer service was bad before the pandemic- they take it to a whole other level.
I swear OptumRx and most 'new-age' heatlhcare startups are scammy as hell
yep! Optum Rx is awful awful awful!!!
Long Live Luigi
Long live in rikers island
By denying 33% of claims
Universal Healthcare now! Too many people dying, too many families going bankrupt.
Doctors, remember your oath to help ALL. Fight for healthcare for ALL!
Depressing. This pretty much puts a permanent boulder on any kind of HC reform. 😭
By "reform" you mean Socialist takeover I presume.
@@R3tr0v1ru5 breaking up monopolies is socialist? do you even know what socialism is?
@@R3tr0v1ru5 be a moron somewhere else.
@@R3tr0v1ru5 just say you dont want lower class and middle class people to get affordable, quality healthcare. either you've been misled to work against what would benefit you or you're already rich and just dont care about anyone else.
@@ihakker1416 They aren't monopolies. The only true monopoly occurs under Socialism.
The one thing that takes away from the USA is their fundamental "hustle until you get rich and don't care about anyone else because that takes away from your own advance". That as a strength for economic growth, also subtracts from the other end... insurance, specifically health insurance. Unless this can be worked out by the "high end of town" with coverage from above and not side-stepped by those who don't want it - only then will the pool be large enough to cope with those that draw on it, and those who pay for it.
I agree. The sentence "I don't begrudge UnitedHealth Group for doing this" is crazy. Why would you not shun those who empower and profit of these exploitative ventures.
It seems the US attitude is "there is good money in it so it's understandable". The culture says that anything that is legal is fair game. No business can be immoral unless it's illegal. 🤦
Anyone else watching this after the "incident" with the CEO? (2024)
Me. I was researching on role of private equity in destruction of middle class globally.
Yup!!!
Oh yes! No matter what side of the political fence someone may be on, 2025 is going to make it even worse! MUCH WORSE!
1:34 Wow. You know what would entirely eliminate redundant services & profit markups? Universal health care
You must not understand how government works vs private sector.
@@Crack146215 literally works just fine in every developed nation in this world, even works in tons of developing nations
@@willinton06 Yea, but not for Americans. Americans are different, so it wouldn't be feasible
@@John_Smith_86 True, Americans are too stupid to implement simple things that every other remotely advanced country takes as a commonplace. Can go to the Moon, but can't cross the street, lol.
@@willinton06 You pay for Socialism in other ways. Namely poor services, high taxes, less freedom.
You have disclosed SSN of the patient in the video. It’s sensitive information and can cause identify theft. Please blur the image asap at 3:26 mins.
I hope it's a fake screen. It's December 2024 and it hasn't been blurred out
"We don't want redundant services"... In an industry that people depend on being available to stay alive.
Luigi brought me here. Defend deny depose.
God help us.
there is no god
Who is God?
Now you know why Covid stimulated the economy
This demonstrates how broken the USA Healthcare system is. Long live the NHS!
Amen! I’m cheering for NHS from here in the US!
i would prefer not to wait 6-8 months, there are good insurance in US too, like Aetna, BCBS and others, and plus its cheaper than the ridiculous tax u pay to the corrupt UK government to basically do nothing and provide the longest waiting times and low quality health care
Optum is a bigger player in the UK market than you'd think. And they're looking to get bigger - they're running out of growth opportunities in the US and the nature of being publicly traded demands continuous growth. Frankly I'd rather they not be in the UK health market and definitely not with the NHS but.. they claim they're best positioned to offer insights into populations and cost control. Which is obviously attractive to the NHS.
@@mohit4902 I've been insured by several different companies and at no point did I pay less than my UK based partner. Our wait times for PCP and specialist visits are comparable if not longer depending on specialty. British people will complain about a several week wait and paying £9 for prescriptions but I've gone to my pharmacy and gotten a bill for $60. One of my literal life saving drugs was denied and I had to forego it - it costs $10,000. Same medication in the UK w/o NHS cover? £295. The inflated costs are ridiculous and cannot be justified.
Seriously? Considering how NHS is currently unable to provide the standard of care? Like this is a bad PR period for NHS, I wouldn't use it as an example
Luigi brought me here.
At the very least they should regulate Healthcare like it’s a utility caping returns so that they can’t take advantage of citizens that much.
Maybe it's time to revisit this story and the numerous other articles regarding this organization and their disingenuous behavior and practices.
Thank you for the video, I found out that investing is not for everybody, you just need a strong stomach too see your portfolio go down. It might be wiser for a novice to start with copy trading investing, but it is not easy. To invest in growth stocks it is another level, definitely you need to know what are you doing.
From my own point of view, you need to invest smartly if you need the good things of life. so far i've made over $255k in raw profits from just 6 months into the market from my diversified portfolio strategy and i believe anyone can do it you have the right strategy, mutual funds takes long time but investing smartly is the key for short term. Most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification.
This is a phenomenal advice for a new stock traders and investors who want that quick short term game, but don't see the light at the end of the tunnel.
I've been solely investing in real estate. But with the recent hyper home pricing i've liquidated a few things and have $45k in cash laying around idle. Would love to get your recommendations, I'm in search of something lucrative in the current crazy markets, i will be glad.
@@katrinatyler675My portfolio is very much diversified so it's not like i have a particular fund i invest in, plus i dont do that by myself. i follow the trades of Mrs Karen Gaye Gray.
She is a popular broker you might have heard of. I can correctly say she's worth her salt as a financial advisor as her diversification skills are top notch, because i see that in her results as my portfolio grows by averages of 10 to 15% on a monthly basis, unlike i can say for my IRA which has just been trudging along, my portfolio just mirrors what she trades and not just on some particular industries of my choosing.
UHC has become a behemoth of health insurance. Resulted in causing consumers significantly more expensive health care and premiums. We need to switch out of UNC insurance.
Healthcare should not allow private for profit, their goal is to max profits and minimise costs
Some countries have a private/public option for healthcare that helps to drive cost and cost controls set by the government that way companies always have to compete with uncle sam.. Government offers a health insurance plan but your private companies can exist along side that since the government isn't incentivized by vested interests it makes things more cost competitive in the overall marketplace.
Yes yes. Goverment imposed price controls? What could go wrong?
@@RM-jb2bvit’s not a price control, it’s a state run business. Private companies would have to drop prices in order to compete. Free market
@@patricklooney3598 You don’t compete with government in a free market dummy. The “free” in free market means free from government interference.
This year I'm dumping United Health as my MEDICARE supplement for MODA - a Pacific NW company. Large health-care systems have turned into large death panels that utilize AI to determine whether or not patients need/deserve the care doctors their doctors prescribe.
Reading old comments 😊
How's this working out for UHC executives?
They are crapping their pants now
@@habibi750 yea........ I still can't believe there hasn't been a move in our government to immediately fix healthcare after this. How far do Americans have to go at htis point?
I have Humana Medicare Advantage. I generally hate insurance corporations, but Humana has been great. I had cancer and paid very little. On the other hand, I once saw an "Optum doctor." He spent 3 minutes with me, called me a liar, and charged me $300.
Humana, BCBS and Aetna are the best insurance companies out there
Nah, optum owns part of humana
Is United Health really an insurance company since they denied 32 percent of claims? Seem like a crime op to me riffing off customers.
The data they have access to through their Optum business is the key. Most of United Healthcare's competitors use Optum and Change Healthcare clearinghouse and payment services, and so run large quantities of their data through UHG (as demonstrated by the impact the Change Healthcare Hack has had throughout the industry). Seems like DoJ has found evidence that the "firewall" between UHC and Optum wasn't airtight. If the largest player also happens to have direct access to all of their competitor's internal data, that is a big anti-trust issue.
wow, who would've thought you could make billions in revenue when you deny 1/3 of your customers
I currently own UNH (UnitedHealth Group) stock but that doesn't mean I don't despise their business practices. I have heard they routinely deny people insurance claims and make life hell for people with health issues. Whilst I do think UNH is a good stock to own if you want to make money you must be also aware of the bad practices of the business and together as shareholders its important to improve the experience of customers and ensure genuine claims are paid promptly without delay.
You have blood on your hands. Giving empty lip service here to make yourself feel human is pathetic. Are you actively voicing your opinion, do you even attend, or vote? Stockholders can make them accountable. Miserable excuses for human if not because all olf you profit off the backs of the suffering sick.
"...so you wouldn't want redundancies in the system." What they're really saying is they want to eliminate competition.
Funny how when they want it, they call it "competition," but when they DON'T want it, they call it "redundancies in the system."
Making billions from Millions of people getting denied healthcare
One of the guys who worked there is worth 500 million.. that’s who the ceo was modeling.. making 20+ million a year and still doing shady insider stock trading.
What a disgusting company. If you work for them, think about a new job...
It would be beneficial for the U.S. to adopt a healthcare system similar to those in Europe or Canada, and doing so may lead to a reduction in the profits of companies that currently capitalize on human health. Private healthcare should be available only to those who choose and can afford it, rather than being mandated as part of a national healthcare system. This issue is a result of excessive lobbying efforts, and it is important to address it in a way that provides the best outcome for everyone.
Also the GOP wants to keep it privatized.
Luigi brought me here....
They have a very clear strategy with how they run their outpatient medical clinics, Optum. They recruit foreign doctors who went to medical school outside of the U.S. and therefore can't get hired at the more reputable medical groups. Basically, the PPO version of Kaiser.
This explains it, thx youtube
Hilarious how the new cool word for "monopoly" is "utility
Wow! This did not age well. All that money for all the wrong reason. Greedy rich people: be carful out there. The people might fight back.
It's like they are trying to be like Walmart--one stop shopping.
But instead of trying to give you the best price, you get the opposite
Health care should not be for profit.
The federal government should simply purchase UHC, Cigna, Humana, and other health care insurers. Merge them and consolidate all administrative functions under the CMS. And provide Medicare for ALL. Health care should not be a profit-focused service. It should be health-focused. Government may be arguably terribly inefficient in some areas, but in this regard, I'd trade some inefficiency for the high profit focus that corporations such as UHC bring to the table.
6:51 I hate corporate speak like this. It's a fluff piece designed to sound good but basically boils down to, "We're going to continue to screw you over and extract all your money from you so that you are homeless and on the street, so get over it."
I work in Revenue Cycle. UHC is just another health insurance payor crook, and they’re trying to run a trust, and have conflicting interests as a matter of their business plan.
Be on alert 24-7, CEOs of all the healthcare insurance companies. That's what you got for being greedy. Go figure!
This should scare the hell out of most of us….
The CEO didn't get the memo
Whos here after the big data breach?!!!😢😢😢
I tried to get a Threpist but they rejected my health insurance because despite the fact that they said they support "United Health Care" They kept telling me it had "Medicaid" when in reality that is suppose to be a "Prescription Drug Coverage". This US Health Care System is so broken.
They'll help you with your money problem by removing the burden from you.
@@robertagren9360 That makes no sense.
Shame on them! But that's what America has reduced to by these greedy business and politicians.
Wanna fix the system? One way we could do it it make them publish the Master Charge Book for each medical provider….
Why are people still paying these companies
After today, what happens next?
If a if the only things a corporation did was sexually abuse children and torture puppies, but offered an 18% return on investment, people would flock to buy that stock, without question.
Hey guys, how are you doing with your investments? I know the market has been crazy lately.
@caseymuller3480 That's too bad. I'm doing okay, but I'm not very confident about my portfolio. I feel like I need some professional advice.
@@joehopkins9749 You know what, guys? I have something to share with you. I recently started working with Robin Brezik and it has been a game-changer for me.
@@malcolmdoyle5385 Really? What do they do?
@@abircocci8157 They offer investment advice and help me with my investment goals, building my portfolio and also retirement planning. They are very professional and knowledgeable, and they tailor their services to my needs and preferences.
@@malcolmdoyle5385 please how can i get in touch with them?
This company like the old AT&/T, needs to be broken up, with its functions split into seperate companies. It worked well with telecomunications, it can work with this.
Free Lugi ... or refrom the regulation
Hmmm I wonder how all this greed will play out.
Wow - youtube algorithm is vicious!