Great News: UnitedHealthcare Raking in the Profits!

Not sure if you heard but:

UnitedHealth Group said its 2020 revenues will surpass $260 billion next year as the company prepares to unveil its business strategy Tuesday.

Already the nation’s largest health insurance company, UnitedHealth is poised to grow its top line by about 9%. UnitedHealth operates commercial, Medicaid and Medicare Advantage plans via its UnitedHealthcare health insurance unit and is also expanding its medical care provider business across the country under its fast-growing Optum unit.

This only means one thing…………….they are going to need to raise your rates next year. I guarantee it. Mark this date down. I will refer to it in two months or so. They will find reasons to gouge us and increase their profits some more. Nostradougus as spoken.

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Douglas Farrago MD

Douglas Farrago MD is a full-time practicing family doc in Forest, Va. He started Forest Direct Primary Care where he takes no insurance and bills patients a monthly fee. He is board certified in the specialty of Family Practice. He is the inventor of a product called the Knee Saver which is currently in the Baseball Hall of Fame. The Knee Saver and its knock-offs are worn by many major league baseball catchers. He is also the inventor of the CryoHelmet used by athletes for head injuries as well as migraine sufferers. Dr. Farrago is the author of four books, two of which are the top two most popular DPC books. From 2001 – 2011, Dr. Farrago was the editor and creator of the Placebo Journal which ran for 10 full years. Described as the Mad Magazine for doctors, he and the Placebo Journal were featured in the Washington Post, US News and World Report, the AP, and the NY Times. Dr. Farrago is also the editor of the blog Authentic Medicine which was born out of concern about where the direction of healthcare is heading and the belief that the wrong people are in charge. This blog has been going daily for more than 15 years Article about Dr. Farrago in Doximity Email Dr. Farrago – [email protected] 

  4 comments for “Great News: UnitedHealthcare Raking in the Profits!

  1. R Stuart
    February 10, 2020 at 8:08 am

    “This only means one thing…………….they are going to need to raise your rates next year.”

    And cut physician payments.

  2. David Lawrance
    February 8, 2020 at 6:40 pm

    Not to quibble, but revenue is not the same as earnings. The net margin was 5.7%.

    • Douglas Farrago MD
      February 9, 2020 at 6:23 am

      Should we then not worry about their expenses like their CEO’s salary and bonus?

    • February 16, 2020 at 6:02 pm

      David: You are correct. 5.7% net margin is a reasonable return and directing one’s concern with how a company accomplishes this conflates objective criticism with political philosophy.

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