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While everyone is understandably happy about this, I have to wonder if UHC’s competitors gained value at the same time. Because I could absolutely see investors dumping UHC because of its reputation now but continuing to invest in insurance companies, just moving their money. Selling off UHC stock to buy Anthem stock.
One would hope that would be a risky move. Other CEOs could be next if there are copycats. They should invest more in the military industrial complex. Those CEOs don’t get assassinated, they do the assassinating. Much safer bet.
Wait can we use the stock market to bet on the next dead CEO? Brian gets murdered, Anthem goes up. Buy anthem, anthem CEO gets murdered, sell anthem (faster than the other idiots doing this) and buy a different company?
I’d still like to see the data if anyone has it.
Anyone else remember when the math came back and universal Healthcare would have saved the US like $11,000,000,000 every year or every 10 years or something.
Anyway, they chose not to do that because Citizens United made bribery legal. They did pass a republican Healthcare plan that didn’t actually change anything. Just made it easier to pick who was gonna fuck you and how hard on a convenient website maintained by GovCo.
11bill every 10 years is actually not a lot saved for a nation as large as the US lol annually makes more sense. Either way curious to see the stats
It would be 11 billion dollars cheaper than what we currently pay to not have universal healthcare.
Our governments literally spend more per capita not having universal health care then it would cost if we had it. Your tax dollars are being used to fund a system to turn your health care into a wealth getting scheme.
Less health care is delivered and it costs more when it gets there. No one saves any money in this system.
Dude I am supportive of those changes and I actually imagine it will save more than that. Are y’all incapable of reading further down threads? The skepticism is that it seems low
Objectively better by every metric as proven by every actual modern country in the Sol System. AND it’s cheaper.
“Either way curious to see the stats”
Do you even hear yourself my guy?
I’m not sure what all the hostility is about given I am inclined to think the savings are actually more and I would like to see the information. I want to know what you’re citing because I think it’s interesting not because I am skeptical, and I agree it’s a better system that will probably save money so having the information is probably a good thing?
Point your guns elsewhere dude, same team
if they’re not out of business, it’s not enough of a loss.
completely unrelated but who’s the new ceo just out of curiosity?
Funny you ask, they just picked Tim Noel
乁(סּ͡͡෴סּ͡͡)ㄏ̸/̸̅̅ ̆̅ ̅̅
Hey now, let’s give him a chance to prove he doesn’t deserve to get iced like the last guy
“Lets allow this new fox into the hen house, surely he won’t be as bad as the last one!”
Perhaps he will eat fewer hens
nah
Looking at that number made me think that it can’t be right unless the company has many customers (much more than Canada’s population) for it to make sense.
Looked it up, and they have 52 million customers.
So they make sooo much money from 52 million people that they have this amount to spare that would cover 40 million.
Yeah, holy shit.
Edit:
Honestly, they didn’t even lose that much:
It is even wilder when one considers how challenging the Canadian Healthcare System actually is to run. They are on the hook to provide every citizen duty of care over a landmass 1.6% larger than the entire US. It regularly employs helicopter ambulances for access to remote communities and has exceedingly challenging terrain and despite this Canada has lower infant mortality, maternal mortality and longer life expectancy outcomes. On the Numbeo Health Care index which ranks quality of care, doctors and facilities it outpaces the US on that metric too. The Government run Medical Services Plan also covers partial on things like Massage Therapy visits, physio appointments and various services covering based on income so more people have access to those services at affordable prices.
It does all of this on an income tax base that charges 4% less than that of the US. It’s a monumental effort keeping it afloat. The amount paid to insurers in the US, not even the system just insurance is just mind-boggling from a Canadian perspective.
That’s why private healthcare is so much more expensive than public healthcare. They constantly seek more and more profits.
Americans always say their taxes will go up if they get free healthcare and yeah, no shit it needs to be paid by someone. Overall though they will pay much less than whatever insurance they are currently paying for because there is no profit involved.
Indeed - still up on this time last year.
Yeah, and not only that, losing valuation can mean nothing in the long run. Tesla lost half its valuation and then beat its all time high.
UHC exec suit still got paid their salary and bonuses.
That’s $1575USD for each Canadian at the rounded number of 40mil, or $2258CAD.
In 2022 we spent $8563CAD per Canadian, according to the first source I found. (https://www.cihi.ca/en/national-health-expenditure-trends-2022-snapshot)
Just crunching some numbers 🤷♂️
Edit: continuing crunching:
For their 56m customers, that’s $479.5B CAD, or $334.3B USD if they were to spend the same amount as Canada did in 2022.
Now to find out how much they’re profiting yearly compared to how much they’re spending to find out how (roughly) how much you’re being ripped off…
Edit: computing…
Wow. Apparently they increased profit by $340% from 2023 to $168.9 in 2024. (https://m.macrotrends.net/stocks/charts/UNH/unitedhealth-group/gross-profit)
According to this source, operating costs are only in the hundreds of millions.
https://www.statista.com/statistics/622295/operating-costs-of-unitedhealth-group-by-type/
They only have numbers up to 2023 and I don’t want to have to go back and change my numbers. This is time consuming and I want to go do something else. :)
I can’t imagine operating costs rose by 340%. Someone else can finish the numbers, but my conclusion is: the situation is fucked up.
Edit: back in the morning to say, even if we said operating costs were $999 million (To keep my earlier statement accurate)(I don’t feel like finding the numbers again) and they rose 340% in the last year to 3B, that’s still $165.9 billion dollars that should be spent on health care that they’re pocketing.
I appreciate you fact checking on this front; I’m a Brit who’s extremely in favour of universal healthcare, but I feel uneasy seeing international discourse about how comparatively cheap universal healthcare is when our National Health Service (NHS) seems to be performing worse than ever — both in cost and in helping people.
My view is that the NHS is its knees because even a single-payer healthcare system isn’t enough to outrun market-based neoliberal economics, and that’s bad news for anyone who ever needs healthcare. It must seem like utopia to Americans who are suffering sorely under the insurance companies’ heel, but we’ve got a lot of pushing ahead of us.
You had 15 years of the Tories deliberately trying to run the NHS into the ground so they could announce it doesn’t work and then create a US-style for-profit healthcare system that their cronies could profit from
My view is that the NHS is its knees because even a single-payer healthcare system isn’t enough to outrun market-based neoliberal economics
Is exactly what they were pushing to justify this
Certainly the Tories did far more harm to the NHS than Labour would’ve if they had been in charge for the same period. However, if we consider how, under Tony Blair, did plenty to hasten the privatisation of the NHS in the 00s, this is, to some degree, a “bipartisan” issue. (Thatcher did say that New Labour was her greatest achievement)
I think that as long as neoliberalism is the backdrop of economic truth that politicians are working on, we’re going to see this kind of erosion of the public good, like the NHS.
I hear ya. As a Canadian I’m well aware of the problems with our “universal” health care, but at least no one here goes in to life-altering debt because they broke their arm.
The US health system’s cost is not it’s only problem, I’m just comparing costs right now.
It also costs like 100k to have a baby if everything goes right. And god forbid that baby needs any sort of medical care, the insurance company can just say “sorry, your baby isn’t insured” and make you wait to get them ‘onboarded’ to the insurance plan.
That’s what happened to me and thankfully the pediatrician came into the hospital room as I was on the phone evidently in distress with the insurance company, hours after my son was born. My son needed a few test and some minor things, nothing too serious but life threatening if ignored. It would have put us out of our house since insurance wouldn’t cover it. The doctor argued with the hospital for a while to waive the bills for his care and when they wouldn’t he gave me an address and a name and told me to get there ASAP and they’ll take care of him. It turns out this guy had a whole network of people who were fed up enough that they started a sort of pro bono pediatric system. It felt like some shady back alley medical care at first having to leave my wife in the hospital to take my newborn son to get simple life saving care. Never charged us a penny and one of the guys actually pulled some string to get my sons insurance activated 3 days after he was born instead of the month we were told. We’re still paying off his bills from the hospital 3 years later for those first few hours.
Tory = Republican lite. Fuck them, too.
I enthusiastically agree, but I would also qualify that Blair’s New Labour did their fair share of accelerating privatisation of the NHS too — it’s why I point the finger primarily at neoliberalism
Yeah I mean that’s similar to what we’ve got over here with the corpo Dems vs progressive caucus
My view is that the NHS is its knees because even a single-payer healthcare system isn’t enough to outrun market-based neoliberal economics
*looks at decades of successful single-payer system in my country*
My view is that the NHS is its knees because systemic dysfunction isn’t enough to outrun market-based neoliberal economics. Although systemic dysfunction and neoliberal are synonyms.
That’s like 18% of the stock value at first glance. I guess it depends what you consider “not much.”
That’s $21 billion per bullet ROI.
We’ve never seen a better cost/benefit ratio
Pentagon budget office in shambles after seeing such a ratio
That sounds like a treatment we should pre-approve of
And Luigis life, unfortunately.
He’ll be treated like a king in prison until he’s killed by a bribed prison guard. And that’s assuming the US itself lasts long enough to enforce his sentence.
I wonder what the odds are trump accidentally pardons him.
0 his ceo friends will stop him
Depends on how loud we blast YMCA outside the white house. Once he gets to “dancing” (if you can call it that) who knows what he’ll do (he’ll do the double jack-off motion and probably nothing else, but I do wonder how easily he’d be to manipulate if ordinary citizens tried).
We need a plant on his team, which shouldn’t be hard considering he’s forgoing the usual background checks.
Knowing how the US works, he probably won’t get to interact with humans. He’s being charged with terrorism, so they’re trying to make sure he can’t easily be accessed.
We’re talking health insurance in the US so that doesn’t change much. 3 bullets plus…20k?
Not really a Return on Investment if there’s no actual “return”.
Their valuation decreased, but none of our wallets got fatter as a result. The price tag’s number just changed.
This by itself doesn’t really help anyone who’s struggling. It’s frustrating to see so much focus on a net worth number changing, as if that actually helps anyone.
Valuation decreased because they’re expected to earn less in the future, with lost profits approximately proportional to the drop in value. If they earn less, it’s probably because they’re going to be exploiting fewer people and they’re getting that much less money from these people. I would count that as a return.
I bet you’re fun at parties
deleted by creator
You show ‘em, Tiger!
That sure was funny.
I wonder if those bullets will end up in some rich guys personal collection someday.
They might end up with a collection all their own, inshallah.
“Brian helped build this company and forged deep, trusted relationships for over 20 years, and the positive impact he had on people will be felt for years to come,” Chief Financial Officer John Rex said.
Fuck right off
Maybe they could ressurect him and we can watch Luigi shoot him again.
So…I can only assume all the people he developed those relationships are really rethinking their priorities in life now right? Right?
Since I don’t get my news from memes:
https://finance.yahoo.com/news/unitedhealth-lost-63-billion-value-183122649.html
I get my news from memes, but I appreciate the source confirming it.
Thank you for verifying the source so I don’t have to.
- Meme news.
- Meme currency.
- Meme political campaigns.
- Meme advertising.
- Meme reality, or: our current cyberpunk dystopia.
It’s simply not true that Canada’s health care costs less than $63 billion. The actual number is closing in on $400 billion ($372 billion for 2024).
And it also should be noted that there are severe problems with our health care system. Severe nursing shortages and very long wait times for a lot of critical care, long wait times to see specialists, etc.
That’s per year, it’s been less than 2 months since the event, the meme appears to be accurate in that way.
Sorry, when someone says “more than it costs Canada to fund its universal healtcare”, I guess we most commonly think in total, like years or something. So I find this unintentionally misleading
It literally says “since Brian Thompson died”
Also for only 40 million people
That’s the population of Canada
We got there in the end. Good work boys.
But not of the USA
Not every person in the USA has insurance through United Health, but according to their own website, they “provide care” [sic] to 7.7 million Americans.
Because funding of literally every other ongoing thing doesn’t occur over time?
Our healthcare only has those problems after alot of cuts. When it used to cost more, it also used that money more efficiently and effectively. The cuts made it far worse than the respective amount of money “saved”, redistributed to worse projects is more accurate.
US healthcare has all those problems and on average costs about twice what any other country spends on healthcare
Costs patients that money. Real countries with real healthcare aren’t bankrupting the citizenry by extracting wealth for healthcare, that’s 'Murica, LLC.
USian here. We have nursing shortages and long wait times as well, and the private equity fucks taking over our system are always looking for ways to make it worse for more money. One thing they’ve been pushing lately is trying to widen physician/patient ratios, so that doctors spend even less time with each patient.
Because that worked so well with public schooling…
And a lot of it is due to conservative meddling and wanting to privatize everything. Private clinics still receive public funding… and more of it than public hospitals! This is one reason why it is getting more fucked.
There’s way more to it than that. Health care in general just costs way more now than it used to. Everyone involved has to be paid more. There’s new equipment that costs millions of dollars and new drugs that cost thousands of dollars.
I asked my doctor about some drugs I saw being advertised on TV (while watching NFL broadcasts from the US) and he said a lot of these drugs aren’t available in Canada because they cost tens of thousands of dollars a month and our health care system simply refuses to pay for them.
They don’t cost tens of thousands of dollars, they charge tens of thousands of dollars.
Are you saying Luigi should visit the pharma bros next?
Kind of, the main issue is that COVID led into boomers getting old and sick in one fell swoop. No healthcare system in the world is adequately to handle a pandemic and then aging boomer surge.
Nurses and doctors were asked to do more than they ever have before and many just retired early or quit so there are shortages everywhere.
The for profit aspect in the US just magnifies the issue locally.
Thank you for fact checking. Misinformation is damaging no matter where it comes from.
Unfortunately thats is nothing (tho it’s 73bn I think).
The lower price is a bit in tune with the recent market overall (-13% vs the -5ish% of the market or whatever) and its still like over 12× higher than it was 20 years ago.
The saddest part is that what was Saint Luigi’s effect on price was prob the market expectation that one of the megacorps subsidiaries might miss their claim-denial goals to keep up appearances & marketing.
Thats why in saying its the shareholders/capitalism that kills people, CEOs are just dogs with white collars that execute
peoplebusiness for their masters to appease the ever hungry money gods.Information like this is staggering when it hits you right in the face. And yet, millions of everyday people still empathize with billionaires and giant corporations as if they’re just the guy next door on his way to work with his lunchbox, just tryin’ to keep his pickup runnin’.
e guy next door on his wa
Well, if they work hard enough, believe enough, and pray hard enough, they might win the lottery and having those oligarch protections might come in handy.
Nah, their loved ones will clean them out like every other lottery winner
Depose, deny, defend
Think deeply about the state monopoly on violence and what purpose it serves. Consider how non-violence has been used to cull and mitigate the effectiveness of movement politics since the civil rights movement, where a class of “liberal” white moderates gets to decide what is acceptable or unacceptable as protest, while they themselves have never and will never participate in any kind of meaningful involvement to increase the sphere of rights for all people. Understand why the grievance politics of the right have been so effective at splitting the white working class from other members of the working class, that the white working class is also abused and broken to the wheel of this system, even if their critisism of it are misplaced and ill informed.
“WE CAN’T AFFORD IT!!111!!11”
500 of which is going to AI infrastructure…A.K.A automated police state to prevent any wrongthink.
I don’t know if this is true, but I really hope it is.
I believe it’s true in the sense that the market cap had decreased by an amount equal to what the Canadian healthcare expenditure was for that duration of time.
It’s not true in that market cap isn’t directly the company’s money - it’s just the sum of share values.
Same, what i can tell you is I really don’t pay very much of my taxes to healthcare.
In fact, very little, because 1/3 of our municipal and provincial budget goes to the police 🙃
In the time you typed it you could have looked it up?
Edit the point is something like this is important and instead of believing a meme, you could verify for yourself and ensure misinformation is not propagated. Turns out this is largely accurate but a meme isn’t how I was convinced.
smd
Don’t be a dick
🙏👍💀
