THE GREAT AMERICAN HEALTHCARE HUSTLE PURGE: UnitedHealth Group's stock continues to drop by the day as Andrew Witty flails and begins panic purging of clinics, hospital and patient contracts
UnitedHealth Group is currently being investigated by the United States Department of Justice for an array of White Collar healthcare industry crimes
The Wall Street Journal’s investigative and photojournalism teams have been doing an exceptional job reporting on the Commercial Health Insurance industry over the last year.
Chase Gaewski, the exceptional Health and Science Photo Editor at the Wall Street Journal, continues to curate features by teams that are successfully exposing the Commercial Health Insurance Indusry’s Denial of Care business model, systemic over-billing, coercive tactics with physicians in the wake of the cyber attack, antitrust crimes and more.
The threatening letters and emails have sent patients reeling. Unsure what to make of it all, they are flooding doctors with calls asking questions, snapping up appointments with the physicians and taking to social media to complain. The patients are caught in the middle of unusually fierce and public contract disputes this year.
As UnitedHealth Group, UnitedHealthcare and Optum continue to reel and flail from the February 21 cyber attack fall out, UnitedHealth Group will begin accelerating the purging of hospitals contracts, clinic contracts and individual plans to meet their Return on Investment (ROI) goals for their shareholders. The quants at UnitedHealth Group are working overtime to ensure—despite ever-growing class action lawsuits against the company for White Collar Crime and fraud—that shareholders see returns.
Patrients began being cut from some in-network coverage for Mount Sinai Health System in New York in January 2024. UnitedHealthcare ended coverage for more Mount Sinai hospitals in mid-March and will cut off medical care access for some Mount Sinai physicians on March 22. 80,000 to 100,000 patients are losing in-network coverage.
“Look at how much pain and suffering you are causing, look at how much distress you are causing, look at how little I am sleeping,” said Sarah Digby, who got one of the emails on Tuesday.”
Sparring in New York City are (commercial) health insurers such as giants UnitedHealthcare and Aetna, which pay for medical care, and big-name hospital systems like NewYork-Presbyterian and Mount Sinai Health System seeking more money for the treatment provided by their doctors. At stake for the patients if their (commercial) insurer drops coverage: pay hundreds if not thousands of dollars more out-of-pocket for treatment with their longtime doctor—or find a new one.
Although the sides usually reach agreements before a breakup, current standoffs have resulted in some people already losing coverage, while others wait anxiously to see what happens. And UnitedHealth Group especially in the wake of the cyber attack, will throttle up on cus, purging and dumping in the months ahead.
“Look at how much pain and suffering you are causing, look at how much distress you are causing, look at how little I am sleeping,” said Sarah Digby, who got one of the emails on Tuesday.”
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