• psyklax@lemmy.dbzer0.com
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    1 day ago

    The ceo isn’t really in control. The board of directors is. And even they are subject to “democratic” elections by the shareholders. Just happens to be the same people on the board who own a large portion of the shares, in most cases.

    Just thinking… isn’t capitalism neat?

  • Flying Squid@lemmy.world
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    2 days ago

    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.

    • M1nds3nd@lemmy.ca
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      2 days ago

      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.

      • JustAnotherKay@lemmy.world
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        2 days ago

        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?

  • RangerJosey@lemmy.ml
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    2 days ago

    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.

    • LandedGentry@lemmy.zip
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      2 days ago

      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

      • AFaithfulNihilist@lemmy.world
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        2 days ago

        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.

        • LandedGentry@lemmy.zip
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          2 days ago

          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

      • RangerJosey@lemmy.ml
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        2 days ago

        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?

        • LandedGentry@lemmy.zip
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          2 days ago

          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

  • pyre@lemmy.world
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    3 days ago

    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?

  • Lad@reddthat.com
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    3 days ago

    “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

  • chonglibloodsport@lemmy.world
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    3 days ago

    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.

    • Tarquinn2049@lemmy.world
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      3 days ago

      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.

      • stringere@sh.itjust.works
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        3 days ago

        Costs patients that money. Real countries with real healthcare aren’t bankrupting the citizenry by extracting wealth for healthcare, that’s 'Murica, LLC.

    • conditional_soup@lemm.ee
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      3 days ago

      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.

    • Phoenicianpirate@lemm.ee
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      3 days ago

      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.

      • chonglibloodsport@lemmy.world
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        3 days ago

        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.

      • shawn1122@lemm.ee
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        3 days ago

        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.

  • Grandwolf319@sh.itjust.works
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    3 days ago

    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:

    • Pyr_Pressure@lemmy.ca
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      2 days ago

      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.

    • Drivebyhaiku@lemmy.world
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      2 days ago

      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.

      • Grandwolf319@sh.itjust.works
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        2 days ago

        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.

    • LandedGentry@lemmy.zip
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      2 days ago

      That’s like 18% of the stock value at first glance. I guess it depends what you consider “not much.”

  • TropicalDingdong@lemmy.world
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    3 days ago

    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.

  • Evil_Shrubbery@lemm.ee
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    14 hours ago

    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 I’m saying its the shareholders/capitalism that kills people, CEOs are just dogs with white collars that execute people business for their masters to appease the ever hungry money gods.

  • halloween_spookster@lemmy.world
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    3 days ago

    I’m not defending our shittacular healthcare, but Canada has about 40 million people while the US has about 341 million. Slight difference in scale.

    • DarkSirrush@lemmy.ca
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      3 days ago

      OK, so a singular healthcare provider out of how many? lost ~10% of the total amount it would cost to provide the entire populace of the united states with universal healthcare on par with Canada’s - which is already more expensive than it needs to be thanks to US propaganda.

      Doing the math, UnitedHealth’s net worth before the bullets was very close to enough they could provide universal healthcare to all of the US alone.

    • Sabin10@lemmy.world
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      3 days ago

      Well let’s look at per capita costs then. Canada’s universal healthcare has a cost of around $1500 per person and covers everyone.

      Medicare/Medicaid covers ~60 million Americans and costs 820 billion a year for a cost of $13600 per covered person or a total of $2440 per capita in taxes. There is no rational reason why 820 billion can’t provide universal healthcare to every American with change to spare.

    • PolishAndrew@lemmy.world
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      3 days ago

      This is also referencing only one health insurance company whereas under single-payer healthcare there would be many made irrelevant, I think the comparison is made just to add that sort of perspective