5d ago

BlackRock is Suing UnitedHealth for Giving “Too Much Care” to Patients After the CEO was Murdered

medium.com

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Did you know? Blackrock is the corporation that all evil corporations in fiction are based off of.
- me thinks 1 Luigi was not enough Luigi's. more Luigi's may be required.
  in Mario Kart
  
  Luigi appears to CEO in a nightmare
  CEO: "Waaaaah! Luigi!!!"
  Luigi: "No, just the regular one."
  
  Given the obesity rate in the US, we may also need a few Marios.
- Technically, according to the source of the article above, BlackRock is actually suing UnitedHealth over stock price manipulation and that it's earnings forecast did not disclose that they would be denying patients at a higher rate than competitors in order to meet its goal.
  In other words, they're suing UHC for denying too many people.
  
  Let's not conflate a legal rationale with a true motivation.
  
  The premise of the lawsuit is literally the opposite of what the users here claimed was the premise of the lawsuit. If you wanted to insult Black Rock CEO and be honest you could just say he is suing them for not telling them about the denial rates and that he would have been fine if they had in fact told him.
  Their true motive is to punish people who inflated their stock price with unachievable forecasts, thereby receiving monetary compensation. They couldn't be more opaque about it if they tried.
  
  Did you respond to the wrong person or something? I didn't say shit about that
  
  We were discussing how the lawsuit does or does not differ from their motivations.
  
  Yeah the bit about "in other words" where you said the legal basis for the dispute is about a moral issue. You don't see how that's blatantly wrong?
  
  I never said that, I explained very very very briefly that the source cited by this article above claims the basis for the lawsuit is that UnitedHealth made public earnings forecasts which were unachievable without artificially increasing the denial rate of claims, and they did not disclose this information to investors.
  Morality has nothing to do with Black Rock's claims. They were promised more money return on investment than was physically possible to provide.
- It's called freaking Blackrock. It's just one step away from Mount Doom or the eye of sauron.
  
  Obsidian order

126 comments