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If they deny less claims, they’ll need fewer adjusters, admin and customer care staff. They will still have 5.5% profit margins but the CEO will get paid less b
by darth_avocado 2y ago
If they deny less claims, they’ll need fewer adjusters, admin and customer care staff. They will still have 5.5% profit margins but the CEO will get paid less because the net profit won’t perpetually grow and Wall Street doesn’t like that.
- dmm 2y agoI do not like our healthcare system and would enthusiastically support reform. But your arguments really don't make sense. The UHC CEO made 10M, even if we 10x that to 100M then if the CEO decided to give it all back, UHC could payout << 1% more claims.
- nradov 2y agoIf they deny fewer claims then medical expenses will rise for their self funded employer customers, and then those customers will switch their health plans to a competitor like Cigna or Aetna. Most coverage rules are driven by large employers. UHC would be happy to offer a health plan which paid every single claim if that's what employers wanted: it would actually mean higher profits for UHC.