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(AP News)   Without having to actually pay for, you know, actual surgeries and doctor's visits, the US' largest health insurer more than doubled its profit in Q2   ( divider line
    More: Followup, UnitedHealth Group, UnitedHealth's medical costs, Health insurance, UnitedHealth Group Inc., company's Optum segment, lack of claims, second-quarter profit, nation's largest health insurer  
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483 clicks; posted to Business » on 15 Jul 2020 at 10:41 AM (18 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook

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2020-07-15 11:12:39 AM  
7 votes:

WGJ: The stock holders will be happy.

Under the ACA they are required to spend something like 90% on payments for medical services.  In theory they should reimburse policy holders for most of their premium costs.
In reality: they will keep the profits, transfer those to upper management and share holders, and demand a 30% premium increase next year.
Remember, single payer is socialism and won't work.
2020-07-15 11:37:55 AM  
4 votes:
So where's my rebate, like my auto insurer has been giving me for three months?
2020-07-15 7:22:28 PM  
1 vote:

CaptSS: WGJ: The stock holders will be happy.

Is there something stopping you from being a shareholder?

Yes, an absence of investable income. If my farking health insurance wasnt 400 a month that covers fark all, in addition to the 200 i have to spend on prescriptions every month that my plan wont cover, I might have a free dollar to invest in my retirement.
2020-07-15 4:11:01 PM  
1 vote:
In unrelated news, due to the untold damage of C-19, rates, deductibles, and co-insurance are all rising 20% in 2021.
2020-07-15 10:53:14 AM  
1 vote:
That will reverse now that the surgeries are on the schedule again.

In related news, My car insurance is half what it normally is this month.
WGJ [TotalFark]
2020-07-15 9:51:00 AM  
1 vote:
The stock holders will be happy.
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