That’s odd. It seems like it might prompt some reflection and consideration as to why millions of Americans who have been denied health care by so-called “UnitedHealthcare” are gleeful over the CEOs demise.
intercst
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Remember how the “occupy Wall Street” movement was crushed? Shiny-land doesn’t do navel gazing. Shiny-land does force. Watch for the people who speak out against business being the new “terrorist” boogyman.
Steve
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Just gonna start playing themselves as helpless victims with all “those people” out to get them “It’s open season” on … He has a family! Just trying to do his job. I’m sure they’re already talking to each other.
And, yes I know that sounds like a “conspiracy theory.” There are false ones and true ones. Adam Smith told us about the true ones and whose interests were at stake.
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There will likely be great effort to quash any discussion of shady business behavior, lest it unite the masses.
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Yep. I just watched a book review with a former “Seeking Arrangements” spokesmodel who’s authored a “tell-all” book.
The NYTimes and ABCNews were very interested in her story until they saw how many rich and powerful married men were on the site. {{ LOL }}
intercst
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The major media are loathe to go after the rich and powerful, because… they’re rich and powerful. And they can do awful thing to them, like buy them.
It’s not glee I’m feeling. It’s hard to describe. I liken it to the feeling of watching a kid stick a fork in the outlet after being told not to. It’s not satisfying to watch them wriggle a bit, but it does leave you with some hope that they’ll listen to your concerns in the future.
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Its easy to image the man with green nightshades visor working the numbers. Knowing that whatever he decides in terms of insurance premiums or coverage clients will have to cover. His only fear is a competitor undercutting his ideas.
Sorry for executives being attacked but it does not hurt to remind them peoples lives and well being do depend on their decisions. Maybe they will be a bit more sensitive as a result.
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Start a competitor. Risk ALL your capital. Work 80 hours a week for years. Offer a product or service that has lower margin and better service. You can be as sensitive and compassionate as you want and explain it to the investors.
Too hard ? Thought so.
You’re missing the point…again. For profit health care will always prioritize profits over people’s health. That’s why it’s a bane on our society.
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So the phone are ringing off the hook at corporate security firms?
At last, a job creation program.
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In econ it is a public good not a private good. Public goods are not profitable. The denials, disputes, and delays are designed to get by with a reporting profit.
Without cheating the people the insurance executives would never make a dime.
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So out of nowhere, I am thinking some seasonal thoughts, like where the rich Scrooge sees himself dead and nobody cares. Don’t know why that popped into my head, but there you have it.
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Re: without cheating would never make a dime.
In most industries probably including insurance the leaders set prices and others must match them to stay in business.
Leaders are often more efficient and more profitable. Second tier companies struggle to make a profit but will take market share given the opportunity.
For executives making the numbers requires keeping clients. But that is not difficult when competition is playing the same game. For clients acceptable service is good enough. Excellence has costs but few rewards.
Paul,
In economics some industrial segments are not profitable no matter what is done.
The highway system and other utilities such as the water company keep ploughing capital in over the long haul and recapitalizing to rebuild the infrastructure years later. Many do not make a profit without regulating boards allowing a monopoly and giving them pricing power. These industries do not normally make a profit.
Public, quasi public, quasi private, private goods. Econ terms that relate to whether products would normally make a profit or not.
Healthcare is a quasi public good. The healthcare insurance industry is not naturally a profit center.
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Ok, and in insurance some are mutual companies. Then policy holders get a share of profits if any.
Clearly some are public companies who do report their earnings. United Healthcare is one of those. Another is Travelers.
Its interesting that for profit companies can compete with mutual companies. How do companies work that magic? Are consumers that uninformed?
We are talking healthcare insurers. Not insurers.
There are very close to zero mutual corporations in healthcare insurance proper. There are some other service companies. I did google and get an Ohio company.
Lazy socialists always want to claim that profits are bad and government is good. From Transportation to Phones to Banks. They want more and more government control.
Not happening.
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