The United States Department of Justice has opened an antitrust investigation into UnitedHealth, the Wall Street Journal reports. One focus of the investigation revolves around the relationship between UnitedHealthcare and Optum, an arm of United Health that owns healthcare provider groups. According to the Wall Street Journal, investigators are looking into the possible effects of…
DetailsWe’ve told you several times about the outrageous profits that UnitedHealth Group has earned over the years. That includes $22.3 billion in profits in 2023. Business is certainly good — and their executives are compensated ridiculously well. Take UnitedHealth CEO Andrew Witty, for example. He earned $20.8 million in 2022 and $18.4 million the year…
DetailsWhen you look at UnitedHealth Group’s financial performance in recent years, the numbers are simply mind boggling. The most recent figures, released in January 2024, show the health insurer earned $22.3 billion in profits last year. That’s nearly $2 billion a month. In profit. The growth is equally staggering. United profits increased more than 60…
DetailsWe’ve told you the story about how UnitedHealthcare abruptly kicked American Anesthesiology of Florida and American Anesthesiology Services of Florida out of network in December 2023. Now, let’s examine why. As you might imagine, it all revolves around rates. It’s the same story in nearly every situation involving insurers and healthcare providers. Here are the…
DetailsWhen asked about contract disputes with healthcare providers during a Jan. 12, 2024 earnings call, UnitedHealthcare CEO Brian Thompson had this to say: “Any disruption for our consumers is too much. They come to rely on an in-network provider relationship, they have a coverage expectation from their health plan. So, we obviously want to avoid…
DetailsIf you’re a stockholder of the UnitedHealth Group, life is good. The stock price has doubled in the past five years, jumping from $250 to $513. That’s a 105% increase — something every investor would like to see. Some analysts predict that the stock may jump 31% in the next year and increase more than…
DetailsThe news that UnitedHealthcare has kicked a leading anesthesia provider out of network is even more concerning when you consider that Florida is facing a severe shortage of anesthesiologists. Physician recruiting websites indicate that there are more than 1,000 unfilled job openings for anesthesiologists and certified nurse anesthetists in Florida. Florida currently ranks near the…
DetailsAs part of its quest to rake in record profits, UnitedHealthcare continues to reduce the number of physicians in its network by terminating agreements with trusted healthcare providers. Among the latest victims: American Anesthesiology of Florida and American Anesthesiology Services of Florida, quality providers of anesthesia care at hospitals and healthcare facilities across Florida. UnitedHealthcare terminated…
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