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United Healthcare

Wall Street To Insurers: Keep Denying Care

A health care industry giant’s Wall Street overlords just admitted that the company’s sky-high health insurance coverage denial rates reaped them enormous profits — and to keep the money flowing, they’re suing to stop the insurer from approving more patient care. UnitedHealth Group has been facing growing discontent from its investors, a battle that — as the corporation faces mounting public scrutiny over its care denials — could shape the future of health insurance for 29 million people. A May 7 lawsuit brought by a small-time investor in UnitedHealth Group is one of the latest chapters in the battle, arguing that the company’s tanking stock performance this spring had cost its investors unfairly.

CEO Shooting Exposes Injustices That Get Too Little Attention

“In a fairer world, Brian Thompson wouldn’t have been murdered. He would already have been put behind bars,” writes foreign policy analyst Sunjeev Bery.  And Bery is right.  Others have made this point over the last few years, that companies like UnitedHealth are deep cesspools of irredeemable, psychopathic corruption, which in UnitedHealth’s specific case prevents doctors from relieving suffering and saving lives.  The shooting of Thompson, their CEO, calls attention to many serious flaws in our society besides the corruption of the profit-obsessed health insurance industry, but let’s focus on just two.

Behind UnitedHealthcare’s CEO Is A Larger System Of Corporate Rule

The killing of UnitedHealthcare’s Brian Thompson — a brazen assassination of a wealthy CEO in the streets of midtown Manhattan — shocked the United States. But the tsunami of mass anger unleashed against a hated for-profit health care system has so far defined the story in the news. The killing sparked a deluge of personal testimonies of horrifying experiences with health insurance corporations. Dark humor around the shooting continues to flood social media. Millions of people in the U.S. viscerally hate health insurance corporations, and see these companies and their CEOs as symbols of the worst kind of corporate greed.
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