Drudge Retort: The Other Side of the News
Tuesday, April 16, 2019

The U.S.'s biggest health insurer sharply criticized the "Medicare for All" proposals being debated by Democrats, wading into a heated Washington political debate that's likely to dominate the 2020 presidential race and the conversation about the future of private health plans in America. As a source of coverage, UnitedHealth is almost as large as Medicare itself.

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UnitedHealth beats first-quarter profit estimates and raises its 2019 forecast
www.cnbc.com

...In the quarter ended March 31, net earnings attributable to UnitedHealth's shareholders rose 22.2% to $3.47 billion, or $3.56 per share, driven by the addition of 880,000 more members to its health plans....

$3.47 billion dollars in profit for the first three months of 2019, not to mention the C-suite salaries, bonuses and other benefits.

That's a lot of money that just one company has taken away from the monies paid by those looking for healthcare.


... UnitedHealth reported a first-quarter profit above estimates and raised its 2019 earnings forecast ...

And UnitedHealth expects to extract even more money away from healthcare in the future...



#1 | Posted by LampLighter at 2019-04-16 04:39 PM | Reply | Newsworthy 4

I have said this before, I think that the first step towards M4A is to require all health insurance carriers to transition to interinsurance exchanges that return profits to the insured (like USAA) by requiring shareholders to become insured over a period of time. The next step would then be to have them become HMOs like Kaiser Permanente or UCLA Heath, then have those companies become Medicare providers (those two already are).

This keeps the private insurance carriers in business, transitions their institutional shareholders out and makes an easier transition for M4A down the road.

#2 | Posted by Rightocenter at 2019-04-16 10:01 PM | Reply

4 pharma companies saved $7 billion from GOP tax law

Four pharmaceutical companies -- Johnson & Johnson, Pfizer, Merck and Abbott Laboratories -- collectively kept $7 billion in tax savings in 2018 due to Republicans' 2017 corporate tax overhaul, according to a new Oxfam report.

www.axios.com

#3 | Posted by Gal_Tuesday at 2019-04-16 10:41 PM | Reply

My wife completely broke her femur this past Saturday requiring surgery. Nothing like having to call the insurance company while your wife is in massive amounts of pain in the ER to see if the hospital is in network or not to see if she should get the surgery there or elsewhere to put a pin in fix her leg. Difference between in network and out of network patient responisbility is 30%.

It was in network fortunately but there was no way she could have been transported by ambulance to the bigger hospital 40 minutes away.

The US healthcare system as it stands right now does not favor the consumer (aka the patient).

#4 | Posted by Pirate at 2019-04-16 10:52 PM | Reply | Newsworthy 3

Dear United Healthcare,

You don't need to say anything. Trump and Congress are waiting, just pay them off.

#5 | Posted by bayviking at 2019-04-17 12:59 AM | Reply

"This keeps the private insurance carriers in business, transitions their institutional shareholders out and makes an easier transition for M4A down the road."

Most of us don't care about keeping private insurance carriers, who have been ripping us off for years, in business. Let them go belly up, we won't miss them. We'll manage the transition without those thieves involved.

#6 | Posted by danni at 2019-04-17 06:57 AM | Reply | Newsworthy 1


@#4 ... The US healthcare system as it stands right now does not favor the consumer (aka the patient). ...

I hope your wife is OK.

Our healthcare network is, by law, optimized to maximize corporate profits, not optimize patient care.

Our nation is getting sicker, while profits for the healthcare companies are increasing.

The wrong thing is being optimized.

#7 | Posted by LampLighter at 2019-04-17 09:48 AM | Reply | Newsworthy 1

Ask the million and a half of Americans that live in Mexico what they think of Mexican Health Insurance.....

Check 'em out on YouTube.....really, really inform yourselves before you come out with your venom......

*This insurance is for retirees......that live there.....

#8 | Posted by saginawmi at 2019-04-17 10:59 AM | Reply


@#6 ... Let them go belly up, we won't miss them. ...

Well, let them go belly up, but slowly. Let them stay around long enough for us to transition away from them.

I think a good first step would be for politicians to stop taking money from the healthcare industry. But I know that is about as likely to occur as the sun rising in the west tomorrow morning.

#9 | Posted by LampLighter at 2019-04-17 11:35 AM | Reply | Newsworthy 1

First off, yes, it would cause huge turmoil in our economy. However, if the people think it is more important to offer socialized healthcare than today's system, the fact it will cause that turmoil isn't a reason for a CEO to come out and say the whole thing is a bad idea.

Second, they have already exposed the fact that all those EU nations that Liberals love to tout as having socialized healthcare ALSO have privatized options, due to the inherent problems with universal healthcare (even though Liberals think there are never any downsides to what they like). So privatization isn't going anywhere, all it would mean is places like UHC would have to adapt to the times. Those who don't adapt successfully will go under. Sucks you will have to work for your millions, I feel so bad for you.

#10 | Posted by humtake at 2019-04-17 12:07 PM | Reply

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How come .......it is OK to give big business....ALL kinds of tax breaks, bailing them out when they're in

trouble.....(...with our tax money..)....isn't this a type of "corporate *socialism??????

....but you're bitching about universal healthcare....... you guys call it Socialism??????

We're a country without compassion.........Big business is making money "hand-over-fist" overseas...

and they still fight tooth and nail Not to offer universal healthcare........

#11 | Posted by saginawmi at 2019-04-17 12:58 PM | Reply


@#10 ... if the people think it is more important to offer socialized healthcare than today's system, ...

I don't think it has to be the either-or situation.

A private healthcare system that is focused upon improving healthcare, instead of improving profits, would work for me just as well.

Sure, the current crop of companies in the healthcare system will complain about any changes. That is because they got into the healthcare system because of the profit they could make. Their stock prices are currently highlighting that aspect of their business quite nicely.

Health Stocks Crumble as Fears of ‘Medicare for All' Snowball
www.bloomberg.com

#12 | Posted by LampLighter at 2019-04-17 01:05 PM | Reply

Well, let them go belly up, but slowly. Let them stay around long enough for us to transition away from them.

Which is exactly my point in #2, there is no practical way that we can shut down these businesses immediately, they have to be transitioned out. If we remove the profit incentive by making them interinsurance exchanges, they will shift to another profit vehicle.

#13 | Posted by Rightocenter at 2019-04-17 01:17 PM | Reply

We need to keep building horse drawn carriages or the horse drawn carriage companies stock will crumble

Let obsolete companies die. Change with the time or die. I work in IT. Our company is in constant change. They need to learn how to evolve on the fly

#14 | Posted by hatter5183 at 2019-04-17 01:30 PM | Reply

#14

The key word there is "evolve", what both Lamp and I were responding to was Danni's statement that they go belly up, which will not happen in the near term.

#15 | Posted by Rightocenter at 2019-04-17 01:39 PM | Reply

Our nation is getting sicker, while profits for the healthcare companies are increasing.

The wrong thing is being optimized.

#7 | POSTED BY LAMPLIGHTER

It is becoming painfully obvious that hospitals are designed to keep you sick.

Just look at any ER. You have a guy with a broken arm sitting next to a guy puking into a sack.

It was like a Fellini movie in there.

Preventive medicine is what cuts cost. So why do They hate that ?? Oh. They won't SAY they hate it. But they do.

Directly affects CEO profits. That's why.

#16 | Posted by donnerboy at 2019-04-17 04:36 PM | Reply

"Preventive medicine is what cuts cost. So why do They hate that ?? Oh. They won't SAY they hate it. But they do. "

All due respect, but you could not be further from the truth. Insurance companies WELCOMED preventive medicine, and they LOVE preventive medicine, for the precise reason they know it saves them money. Prevention is MUCH cheaper than cure...and they didn't have to lower their premiums.

#17 | Posted by Danforth at 2019-04-17 04:42 PM | Reply

M4A, as envisioned by Sanders, would be the biggest ------- dumpster fire this country has ever seen.

You may as well just execute the doctors, burn down the hospitals, and open up the re-education camps.

#18 | Posted by madbomber at 2019-04-17 07:48 PM | Reply

There are many versions of "Medicare for All".

I like the "Medicare Buy In" version. Allow people at any age to buy their health insurance from Medicare. And, as with traditional medicare, private insurance companies would still play a role by providing "Medicare Advantage" and/or "Medicare Supplement" and/or "Medicare Part D" plans. Employees could continue receiving insurance through their employers and if their employers decided to get out of the medical insurance business, they could give their employees a stipend to purchase a plan from Medicare.

#19 | Posted by FedUpWithPols at 2019-04-18 07:28 AM | Reply

Bernie Sanders is an old man in the top 1% of wealthy White Americans. To him, politics is a hobby. He has his insurance so whatever the outcome of America's national healthcare dilemma won't affect him or his family.

National healthcare won't be the boon we're being sold. It will take months before you see a doctor, specialist, or go to surgery. In the interim, you may die. That happens a lot in Mexico and Canada. Unless a person has lots of disposable cash, national healthcare is just a pipe dream.

#20 | Posted by MisterCarajo at 2019-04-18 08:32 AM | Reply

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