This just in: After analyzing UnitedHealth Group’s fourth quarter and full year 2022 revenue and profits this morning, I’ve decided it’s time to stop calling UnitedHealth and two of its biggest competitors–Cigna and CVS/Aetna–insurance companies. All three are now getting or making more money as drug supply chain middlemen than providing health insurance in the United States.
I see 2 problems here. Corporations have decided that its far easier to finance their companies through the government. Which would come from our tax dollars. So where we can tell them that their premiums are too high and we decide not to purchase their product they just turn around and focus on government contracts. Making us have to pay higher taxes to pay for what we didn't want anyway. Rather than us looking at truly affordable ways to finance our country's healthcare needs in a way that saves the most money, encourages equity and increases choice for all Americans.
Wendell- NB: Optum is MUCH bigger than OptumRx. Optum is the largest employer of physicians in the country, and an analytics company (Optum insight), and a bank that processed all of the COVID HRSA funds as well as OptumRx (the PBM).
Thanks Mark! Hea, did you see that I had my LTE published in the Seattle Times? It was in response to Doug Baier's LTE about their article on the plight of our Washington Hospitals. Check it out here! Be sure to check out Doug's letter also! https://www.seattletimes.com/opinion/letters-to-the-editor/
I see 2 problems here. Corporations have decided that its far easier to finance their companies through the government. Which would come from our tax dollars. So where we can tell them that their premiums are too high and we decide not to purchase their product they just turn around and focus on government contracts. Making us have to pay higher taxes to pay for what we didn't want anyway. Rather than us looking at truly affordable ways to finance our country's healthcare needs in a way that saves the most money, encourages equity and increases choice for all Americans.
Wendell- NB: Optum is MUCH bigger than OptumRx. Optum is the largest employer of physicians in the country, and an analytics company (Optum insight), and a bank that processed all of the COVID HRSA funds as well as OptumRx (the PBM).
Thanks Mark! Hea, did you see that I had my LTE published in the Seattle Times? It was in response to Doug Baier's LTE about their article on the plight of our Washington Hospitals. Check it out here! Be sure to check out Doug's letter also! https://www.seattletimes.com/opinion/letters-to-the-editor/