UnitedHealthcare CEO Brian Thompson was fatally shot, with his wife revealing prior threats over healthcare coverage, raising questions about his controversial role.
Exactly, so they need to always have cash on hand to cover the insured.
IDK how this is run, and I find the existence of private health insurance despicable.
But for a capitalist system, where health insurance is run like a business, 6% profit on revenue is not a lot.
It’s not the 6% that is the problem. Because an insurance company needs to have profits and a healthy cash flow, to be able to cover the insured.
But allegedly the company used AI to make decisions on coverage, if that’s true, that may have been a way bigger problem.
Exactly, so they need to always have cash on hand to cover the insured.
IDK how this is run, and I find the existence of private health insurance despicable.
But for a capitalist system, where health insurance is run like a business, 6% profit on revenue is not a lot.
It’s not the 6% that is the problem. Because an insurance company needs to have profits and a healthy cash flow, to be able to cover the insured.
But allegedly the company used AI to make decisions on coverage, if that’s true, that may have been a way bigger problem.
I would be very surprised if that cash was included in profit.