1/25
@813JAFERD
If you want to see why people are so vicious towards United Healthcare right now, let's do a thread on some of the most egregious health insurer behaviors
2/25
@813JAFERD
1) United Healthcare is 8th largest company by revenue in the WORLD. It made $389B last year...$2B less than Apple. It made more money than Exon, Microsoft, Samsung, JPM
United Healthcare also denies 32% of its claims...highest among health insurer
3/25
@813JAFERD
2) United is being sued for making an auto-denier AI program "known by the company to have a 90% error rate, overriding determinations made by the patients' physicians that the expenses were medically necessary." This directly resulted in multiple elderly deaths in midwest
4/25
@813JAFERD
3) Despite making more money than GM & Ford combined, UNH was found by a govt Watchdog of defrauding Fed govt of $3.2B in extra federal payments for health related assessments.
5/25
@813JAFERD
4) UNH is most famous for the $35 Ingenix lawsuit in 2000's. In it, they used a database to improperly reimburse MDs for services. The lawsuit used proceeds to start FairHealth
6/25
@813JAFERD
5 Ingenix was reborn as Optum. Maybe you heard of the Optum CEO during the Ingenix scandal Andy Slavitt. He was an architect of the ACA & became CMS director under Obama.
7/25
@813JAFERD
6) since Andy Slavitt took over CMS in 2014,
/search?q=#UNH stock is up 790%. Out of pocket expenses health insurance premiums are up 67% since 2008.
8/25
@813JAFERD
7) 80% of US bankruptcies due to medical bills had health insurance when they got sick. While out of pocket costs have rocketed up,
9/25
@813JAFERD
8) here's health insurer premiums past 25 years (up 213%) mapped out vs BIG Health insurer stock prices since ACA (up >800%)
10/25
@813JAFERD
9) so you see, there's a lot of animosity towards the 8th largest company in the world, who's practice is is to deny care & hurt Americans while their stock price has surged >800% since ACA.
It's time for @TheJusticeDept to break up Big Insurers
11/25
@geniusliberator
@soft_fox_lad what explains the massive rise in profits after the ACA from insurers
12/25
@Nikola_Engineer
It's worse than that. My premiums go up every year between 15% and 30%, usually the latter, like clockwork.
13/25
@CraftyP___
Employer sponsored medical benefit renewals I have reviewed for companies have always had a rate increase between 7% to 12% annually.
14/25
@homeplateent
Notice the level of increased profits from 2016 to 2020 - unchecked greed.
It all goes back to “citizens united” - if you dont know what that is - you should know before you vote!!!
Citizens United, Explained
15/25
@jean_swans1
I wouldn’t have guessed it was that bad
16/25
@TinaTheGigi
Oh look at that
All during the hussein obama presidency
17/25
@SFSilentNoMore1
this is what the right was warning the public about
18/25
@Tomj89360514
No problem with UNC as a Medicare advantage insurance company
19/25
@DimichJennifer
20/25
@geniusliberator
@BikerTrendy another thread on massive rise of profits
21/25
@CultCabinet_CC
@VoltNederland @DassenLaurens @KoekkoekMarieke
draadje over zorgkosten in US, ons grote voorbeeld. Misschien toch eens serieus kijken naar circulair financieren om dit te doorbreken cc @Politicals122
22/25
@hendelar
23/25
@hateisevil
Not to mention the increasingly alarming rate of deductibles!!!
24/25
@dogzrcoolnstuff
Great post ..Thanks for making these
25/25
@dumaine_st
That’s principally due to Obama care
To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196
denial rate under Brian Thompson
? The line to unalive
him was probably long.
