UnitedHealth Group shares keep falling, other health insurance stocks follow, as criticism of the industry heats up

www.fastcompany.com fastcompany.com

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An entire industry built on taking money they didn't earn to deny the care our doctors prescribe for us... Are we stupid??
- I mean, the electorate keeps voting for people who won't pass health care reform so.. Yes?
  
  worse, we vote for healthcare reforms that would take us back to when no one poor got any care at all. we elected our own killers
  
  Those people are the only options on the ballot though. We can't vote for something that's not an option
  
  Not only that , but voting for the people who are promising to make it even worse.
  
  Propaganda told them to.
- Are we stupid??
  Yup.
- It's not stupidity, because over 99% of us didn't have a choice. It's greed. Greedy little piggy leaders of major systems designed to fuck over everyone but them.
  
  My default response to this is what was voter turnout for the last election? People are fond of referring to the 4 boxes: soap, ballot, jury, and cartridge, but they don't bother with the second.

Good. Burn it all down and replace it with universal healthcare.
- Like every other modern country! They all get better care for less money!!!
  
  No, you see, America is bigger so it won't work for some reason
- Awfully optimistic of you to expect that it'll be replaced by anything better.
  
  If I don't have even a shred of optimism my mental health would be x10 worse. I need it, swiper no swiping. 🙃
  
  I have mixed feelings. On one hand I can absolutely see m4a being awesome if implemented in the laziest way and I can see Trump winding up doing that purely for popularity (highly unlikely but not impossible). But I imagine it's more likely to be like tricare and i imagine it would explicitly exclude politicized Healthcare like abortion, birth control, and gender affirming care.
  
  but I wouldn't leave replacing them off of the table...
  Trump wants his solutions. It's gonna be hard figuring out what solutions currently in place will be allowed to stay.

Burn the industry to the ground.

Is it 0? No?
Have a ways to go then.
- Same goes for number of biz execs/CEOs.

What shit timing for this... Imagine if this happened like a year ago. Maybe Democrats could have actually had a reason to be pushed to talk about this... Seeing how even Magoos were happy the guy got killed maybe things could have been different.
We live in the stupid timeline though so somehow this will just get worse :/
- 1/3+ of the party wanted Bernie. Twice. And they couldn't be arsed to talk about it, his primary policy position. They're still not taking about it. Too much donor money involved for them to give a shit what their voters say.
- Had a reason? They already had a reason. They had thousands of reasons. Thousands of Americans dying due to the shit industry. Is that not a reason enough for Democrats?
  
  They always had the excuse of "people love their healthcare!" That's the line that was always trotted out. It would be pretty difficult to keep that line when we're literally executing healthcare CEOs and having a positive nationwide reaction to it.
  If journalists would actually do their proper duty for the population and not their masters (lmao) they'd start pushing representatives on the topic as it relates to the response.
  (Instead though we get articles like "Bad luck Brian was the working class hero, not Luigi" from the NYT. 🤮)
- Dems killed off single-payer years ago. Obamacare was designed to be dogshit under their watch. Sorry friend, we both are in the sufferin'-timeline where the DNC never does anything but crush any chance at progressive policy that could "hurt" their rich donors
  
  That not entirely accurate. Just a wander through the wiki on the history of the ACA shows what happened, both the efforts and roadblocks, the improvements to what was before, as well as the limited time frame.
  
  Isn't Obamacare really Romneycare with Democratic support? They compromised so much to get it through. Manchin and the like, the thorn in the Democratic party. But yeah, Berniecare would be much better, partly because I think he cares a lot more than a lot of politicians.

Good. Shareholding and profiteering off healthcare should not be a thing. It should be a government service not a business, although I'd bet a million dollars I don't have, that it won't happen under Trump. And if it ever does happen, they had better fucking plan it to be rock-solid against ruthless cutthroat cheating grifters like him.
- Health food shelter clothing.
  All of these things should be provided to everyone in every country, paid for by taxes.
  Just eliminate the struggle of the common person from these 4 things is a goal worth being a prime prime directive

Portip: short stock. Pump bullets into CEOs. Profit from dump.
- That's an actual series of missions in GTAV
- magdump/stockdump

I'm not entirely sure why the stocks are falling. Does anybody think they're going to tidy up their profit margins? They're going to walk around in armored limousines with security details. And the new administration is going to make absolutely certain they can still bulldoze their way through.
- One of them already walked back a "we will limit the amount of anaethestic you're allowed in surgical procedures" they'd announced.
  The market sees that the CEOs fear for their lives and want to make it sound like they care rather than deny care, so profits will fall, because paying for healthcare is a lot more expensive than paying a call centre worker to say no.
  Hence the industry as a whole is less profitable, because, you know, what with death being so unpopular suddenly these days amongst healthcare CEOs.
- I'm assuming that investors think there might be a sea change in public opinion coming, which may drive some new, less profitable, legislation.

For once, we have a good news.

JackNicholsonYesYESS.gif

Sounds like tHe mARkEt thinks something will gut the industry. But there is no indication of actual real change happening. So what's going on?
- The rich are experiencing fear and reacting emotionally.

5 to 13 percent isn't a big deal really. I bet it's not even due to what article implies. investors don't care about public perception, they're worried that UHC changed course on a lucrative planned policy (restricting anaesthesia) and might do so again impacting profits.
- That was Anthem Blue Thingy that changed course, not UHC.
  
  Ah yes thanks for that you're right
- Wut?
  U.S. regulations have three levels of a circuit breaker, which are set to halt trading when the S&P 500 Index drops 7%, 13%, and 20%.
  Granted that’s the main market index not an individual security, but a 5-11% drop is significant. Iirc the last time it ended the day’s trading for the S&P was the start of COVID, when investors ran a fire sale liquidation because nobody knew if the whole world was going to die.
  A downswing is a hurdle to recover from in raw math terms, and represents a bigger blow to vibes based trading, especially given the legislative (virtue signaling so far) action on anti-trust, or the current popular sentiment against insurers.

Most of these ghouls only care about money, so maybe this will help

Why are they falling, the market can't seriously expect the upcoming administration to regulate them.
- No, but they expect vigilantes to regulate them.

Totally a buy opportunity. Long-term obviously. Especially in a recession.
Now into the why of the fall? There's a new proposed bill to regulate HMOs, they don't know what will happen there but with the public supporting it, it might be risky bet.
That and their latest balance wasn't that good. I mean these types of companies have like a 6 to 11 percent profit margin. That's not much money actually overall

https://www.givesendgo.com/legalfund-ceo-shooting-suspect
- How do I know this is legit?
  
  you be the judge
  have a nice day!

The wider left is in dire need of a big Win.

69 comments