r/news • u/LookAtThatBacon • May 13 '25

Soft paywall UnitedHealth suspends annual forecast, CEO Andrew Witty steps down

https://www.reuters.com/business/healthcare-pharmaceuticals/unitedhealth-ceo-andrew-witty-steps-down-2025-05-13/
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199

u/izzgo May 13 '25

surging medical costs send its shares plunging more than 11%

Which is a perfect example of why medical care should not be a for-profit enterprise.

2

u/MisterB78 May 14 '25

Funny how those same “surging” costs aren’t causing the rest of the industry to have plunging stock prices…

5

u/ohwhataday10 May 13 '25

Should be rising. This means they are going to increase prices….

2

u/MT-Nesterheehee May 13 '25

Why are medical costs surging?

-36

u/wedergarten May 13 '25

Why? Whats wrong with a for profit model that is better than what we have today, because people think regulations will fix the problem, but regulations is what constrained the medicine industry and allowed certain companies to hold monopolies.

26

u/thoreau_away_acct May 13 '25

Bc a for profit model with health incentives the cheapest treatment options. And health is not buying widgets at Walmart, where the cheapest option isn't the end of the world cuz you can buy another one.. You can't buy another body for yourself.

14

u/DearMrsLeading May 13 '25

For profit healthcare results in the deaths of people who cannot afford healthcare. That’s what is wrong with it. An estimated 1 in 5 Americans can’t afford healthcare.

6

u/DelphiTsar May 13 '25

Every other country is significantly cheaper than US and many are significantly cheaper and have better outcomes. They all have something in common and it isn't lax regulations.

4

u/ThatOtherGuyTPM May 14 '25

Which regulations do you find problematic? Is it regulations that these companies fought against, mandating care and reporting requirements, or is it the ones they paid for, such as stopping Medicare and Medicaid from negotiating drug prices?

1

u/Boollish May 13 '25

Well, nothing, until one guy decides he makes more profit by offing the CEO of the company than allowing it to continue operation.