In 2021, 72% of UnitedHealth's $222.9 billion health plan revenue came from taxpayers.
94% of its total U.S. membership growth over the past 10 years was in government programs.
Wendell Potter
Jan 27 2022
As I noted in my last post, UnitedHealth Group made more profits last year than any health insurer has ever made for its shareholdersand considerably more than Wall Street financial analysts had expected. Investors were so impressed they rushed to buy shares of the companys stock.
That might not have surprised you. United and other big insurers have reported record profits every year over the past decade. What might surprise you, though, is that even if you are not enrolled in a United health plan, some of your money likely wound up in the pockets of Uniteds already rich shareholders. Thats because you and Americas other taxpayers increasingly are fueling Uniteds profits.
In its press release last week, United bragged about the growing number of people it serves, including the number of people in its health plans. The release said the company had 10.5 million more members in its health plans in 2021 than in 2011. But when you look more closely at the numbers and do some math, youll see that very little of that growth has been in the private sector.
https://wendellpotter.substack.com/p/in-2021-72-of-unitedhealths-2229
I_UndergroundPanther
(12,463 posts)Cant compete without the government handouts.
I dream of we get universal heathcare and tapeworms infesting or healthcare system get shat out of existance.
If we had universal healthcare imagine what the government could do with that money..
LoisB
(7,202 posts)dalton99a
(81,451 posts)question everything
(47,470 posts)AARP pushes it and yes some here are happy with it.
BeckyDem
(8,361 posts)Rep. Frank Pallone (D-N.J.), who heads up the House Energy and Commerce Committee, tweeted that "outrageously high prescription drug prices are now even higher as Big Pharma continues its practice of raising prices in January."
https://www.commondreams.org/news/2022/01/31/while-lobbying-kill-build-back-better-pharma-hikes-costs-866-drugs