In 2021, 72% of UnitedHealth's $222.9 billion health plan revenue came from taxpayers. [View all]
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 shareholders–and considerably more than Wall Street financial analysts had expected. Investors were so impressed they rushed to buy shares of the company’s 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 United’s already rich shareholders. That’s because you and America’s other taxpayers increasingly are fueling United’s 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, you’ll see that very little of that growth has been in the private sector.
https://wendellpotter.substack.com/p/in-2021-72-of-unitedhealths-2229
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