ICD10monitor December 9, 2024
It’s been an interesting week in corporate healthcare. But I want to start with some context. First, it’s important to recognize that the purpose of a corporation is shareholder enrichment. UnitedHealthcare (UHC) does this by collecting more in premiums and investments than it pays for the care of its 29 million insured Americans.
Next, it’s important to realize that UHC is the largest health insurance company in the world. Because it insures almost 9 percent of Americans, it exercises enormous influence and control over delivery of and compensation for healthcare.
Under former CEO Brian Thompson, UHC has been very successful. In 2021, UHC posted a $12 billion profit. That rose to $16 billion in 2023. Over about the same timeframe,...
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