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Rom [he/him] to news@hexbear.netEnglish •
edit-2
2 months ago

UnitedHealth Group: One of America’s biggest companies is imploding

www.cnn.com

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  • news@hexbear.net
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  • usa@lemmy.ml
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UnitedHealth Group: One of America’s biggest companies is imploding

www.cnn.com

Rom [he/him] to news@hexbear.netEnglish •
edit-2
2 months ago
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53
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  • cross-posted to:
  • news@hexbear.net
  • us_news@lemmygrad.ml
  • usa@lemmy.ml
One of America’s biggest companies is imploding | CNN Business
www.cnn.com
external-link
UnitedHealth Group, one of America’s biggest corporations and a member of the exclusive Dow Jones Industrial Average, is suddenly unraveling.

https://web.archive.org/web/20250515204743/https://www.cnn.com/2025/05/15/business/unitedhealth-stock-ceo-investigation

Direct action gets the goods.

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  • LocalOaf [they/them, she/her]
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    63•2 months ago

    luigi-dance

  • @conditional_soup@lemm.ee
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    62•
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    2 months ago

    Oh, no, not my beloved healthcare insurance provider who’s always been there for me ever since my boss chose them and I have nothing but great customer service experiences with.

    • @Bartsbigbugbag@lemmy.ml
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      33•2 months ago

      Yeah I’m so happy with them only covering 25 days worth of insulin for my wife instead of 30, and not covering the more effective insulin at all, only the off brand that doesn’t work nearly as well so she has to take twice as many units at a time. Refusing to cover my yearly required heart checkups and my wife’s throat scan for cancer so we have to pay thousands out of pocket that still doesn’t reach my deductible. Such a great company.,

      • @conditional_soup@lemm.ee
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        18•2 months ago

        Yes, exactly! What would we do without such fine American institutions! Please, won’t someone think of the investors!

  • Sulvy [he/him, comrade/them]
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    54•
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    2 months ago

    Holy shit, a company of that size being under investigation for Medicare fraud is big news. The government takes getting defrauded very seriously and I’m pretty sure Medicare and Medicaid fraud requires repayment 10x.

    We’d be talking tens of billions, if not hundreds, in penalties if the system wasn’t so fucking corrupt. I’d bet they get a slap on the wrist though.

    • AnarchoAnarchist [he/him, comrade/them]
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      52•2 months ago

      Just ask Senator Rick Scott, former Governor of Florida, how likely someone is to see real consequences for defrauding Medicare.

      • goferking (he/him)
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        20•2 months ago

        And the people who keep voting for him still just blame poor people for being welfare queens not the ones committing the majority of fraud/waste

  • Awoo [she/her]
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    52•2 months ago

    Adventurism has a 100% success rate in the last 10 years so far.

  • durruticore [any, comrade/them]
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    45•
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    2 months ago

    he-laughed

    Why tho? Is there like a specific reason?

    • Lyudmila [she/her, comrade/them]
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      78•2 months ago

      Investors are mad that UHC management got scared and backed off on the blatant evil by a teeny tiny amount for a few weeks after the CEO got wasted.

      porky-scared-flipped “oh my god they’re going to kill me!”

      pronounjak-rage “HOW DARE YOU PRIORITIZE YOUR LIFE OVER MY DIVIDENDS!”

      • durruticore [any, comrade/them]
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        47•
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        2 months ago

        funniest shit ever

        I heard people saying about the luigi-dance that it was adventurism and wasn’t going to achieve much, turns out it wasted porky-happy billions

        he-laughed

        • Jabril [none/use name]
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          42•
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          2 months ago

          Definitely adventurism but finally one that was thought out enough to both serve as a great rallying issue for the disaffected masses as well as strike enough fear into the targeted company that it sent them into a tailspin. As communists, adventurism isn’t one of our tactics but this is a rare case of it being a relatively effective tactic

          • @Sinisterium@hexbear.net
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            23•2 months ago

            Luigi isnt a communist, he could be made one, but he didnt do it (allegedly) due to any concrete leftist believes.

            • Jabril [none/use name]
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              13•2 months ago

              Yeah of course

            • Belly_Beanis [he/him]
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              2•2 months ago

              He also has a lot of problematic, reactionary views. If he was the actual assassin, he did it because it affected him personally, not because he’s against the system itself. It’s rightwing infighting coming home to roost.

        • @Sinisterium@hexbear.net
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          17•2 months ago

          adventurism as a member of an official socialist organization is dangerous, not as a rando. It was also primarily said because people on hexbear literally thought there was going to be a russian revolution 2.0 in america by Christmas.

          • Damarcusart [he/him, comrade/them]
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            9•2 months ago

            It was also primarily said because people on hexbear literally thought there was going to be a russian revolution 2.0 in america by Christmas.

            sicko-wistful

        • Dessa [she/her]
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          15•2 months ago

          Adventurism may not be a solution, but it is part of the narrative!

      • MarmiteLover123 [comrade/them, any]
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        33•2 months ago

        I think it’s more to do with the Medicare fraud they did. Falsification of diagnoses in order to trigger extra payments to its Medicare Advantage plans.

        https://www.reuters.com/business/healthcare-pharmaceuticals/unitedhealth-under-criminal-probe-possible-medicare-fraud-wsj-reports-2025-05-14/

        https://www.reuters.com/business/healthcare-pharmaceuticals/doj-investigates-medicare-billing-practices-unitedhealth-wsj-reports-2025-02-21/

        • Lyudmila [she/her, comrade/them]
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          31•2 months ago

          Holy shit they’re finally getting called on this? MA billing fraud has been like an open secret for like a decade, I’m actually shocked this is finally getting investigated. The FTC has probably gotten thousands of tip line calls on this for every single insurance company that offers MA plans.

          joker-amerikkklap

          • MarmiteLover123 [comrade/them, any]
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            35•2 months ago

            I think it’s because UnitedHealth took it to the extreme: there’s rumours that they were falsifying HIV/AIDS diagnosis.

            • Lyudmila [she/her, comrade/them]
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              28•2 months ago

              Holy shit.

              • MarmiteLover123 [comrade/them, any]
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                22•2 months ago

                It’s just a rumour, so it could definitely be false. But nothing surprises me these days…

      • CthulhusIntern [he/him]
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        6•2 months ago

        New shorting strategy just dropped!

  • culpritus [any]
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    44•
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    2 months ago

    So Witty was the CEO before Thompson, and iirc Thompson was basically a fall guy installed to shield Witty from investigations into all kinds of shady shit going on. So Witty came back after the shooting, and then left again for “personal reasons”. Hopefully Witty gets his just deserts eventually.

    • miz [any, any]
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      39•
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      2 months ago

      different corporations:

      • Witty stepped down as CEO of UnitedHealth Group
      • Thompson was CEO of UnitedHealthcare, a subsidiary of UnitedHealth Group
      • hotcouchguy [he/him]
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        37•2 months ago

        How are we, as a bunch of communists, supposed to keep track of all these obscure splits and near-identical names?

        • miz [any, any]
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          23•2 months ago

          janet-wink

        • D61 [any]
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          14•2 months ago

          The diving line between those of us who’ve read the histories and those of us who just post on hexbear. quokka-smile

  • Homer_Simpson [they/them]
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    43•2 months ago

    Can’t wait for their even worse replacement

    • CloutAtlas [he/him]
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      40•2 months ago

      BalkanizedHealth, the new company that stri-

      This just in, BalkanizedHealth CEO was shot dead by Waluigi Mangione

      • Ildsaye [they/them]
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        10•2 months ago

        Allegedly

    • Le_Wokisme [they/them, undecided]
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      13•2 months ago

      waluigi?

  • PKMKII [none/use name]
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    32•2 months ago

    sicko-blur

    • SexUnderSocialism [she/her]
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      17•2 months ago

      sicko-beaming

      • Carl [he/him]
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        15•
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        2 months ago

        sicko-charging

  • SovietBeerTruckOperator [none/use name]
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    29•2 months ago

    Organizing is bullshit, do Adventurism!

    • D61 [any]
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      21•2 months ago

      second-breakfast Why not both?

      • Ildsaye [they/them]
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        7•2 months ago

        owned

      • @PolandIsAStateOfMind@lemmygrad.ml
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        4•2 months ago

        +

    • @freagle@lemmygrad.ml
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      19•2 months ago

      Abe, United Health, Kid Starver’s car…

      • @SouthEndSunset@lemm.ee
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        4•2 months ago

        That’s Sir Kid Starver to you. And didn’t the house get done as well?

        • @PolandIsAStateOfMind@lemmygrad.ml
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          3•2 months ago

          No, house was just charred a bit by the entrance.

  • MolotovHalfEmpty [he/him]
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    26•2 months ago

    the-doohickey

  • @lemmyseizethemeans@lemmygrad.ml
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    25•2 months ago

    I suspected comments on this post would be 🔥 and I was correct

  • TheBroodian [none/use name]
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    23•2 months ago

    Thank you luigi-dance

  • BeamBrain [he/him]
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    20•2 months ago

    Direct action gets the goods

  • CthulhusIntern [he/him]
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    19•2 months ago

    Between this, and the Japanese cult actually dying after the-doohickey , anti-adventurism guys are in shambles.

  • SerLava [he/him]
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    15•2 months ago

    I switched away from United in January to help end this cursed company

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