Summary
UnitedHealth CEO Andrew Witty criticized public outrage over the health insurance industry following the assassination of UnitedHealthcare executive Brian Thompson.
In a leaked video to staff, Witty dismissed criticism as “misinformation” and urged employees not to engage with media.
Thompson’s murder outside a Manhattan hotel has intensified scrutiny of the industry’s practices, with bullet casings found at the scene bearing phrases linked to insurance claim denial tactics.
The killing has sparked debate on UnitedHealthcare’s history of denying claims, while the shooter remains at large.
Witty faces unrelated DOJ insider trading allegations.
Just being Devil’s Advocate here: Medicare fraud is a thing - docs who prescribe, or claim to have performed, unnecessary treatments, which may be as much as $60B (out of $900B spending, so…7-ish%). Maybe not enough to justify UHC’s 32% denial rate. And nobody seems to source their $60B or $100B fraud estimates - I can only find case evidence for a few hundred million, and those are cases spanning years.
That’s not a reason to deny claims for cancer treatment. If fraud is their worry, have a fraud team to investigate, don’t cut off coverage when your life saving operation runs an hour past the allotted time.
Sounds like it would be easier to have a single government entity focused on fraud and Healthcare outcomes though.
The main arguement for private health insurance is that it will help better optimize how healthcare is distributed, but in a capatilistic society it seems unlikely we’d get anything other than means based optimization. However, Healthcare shouldn’t be optimized for financial status, but most likely should be optimized for optimal coverage.