Bob Herman
👤 PersonAppearances Over Time
Podcast Appearances
Yeah, I think that's right. This is systemic. This is not isolated to just UnitedHealthcare. UnitedHealthcare gets the most... criticism and heat for this because they are the largest, I mean, they're just a very common provider for any workplace plan. But, I mean, there are other large insurers. This is a very common thing. Cigna, Aetna, all the Blue Cross Blue Shield plans, Humana.
This is just how U.S. health insurance works. This is a systemic issue. This is, especially for the insurance companies that are on the stock market, they have a duty to make money for shareholders. And one of the ways that they do that is by making sure that they pay out fewer claims. That's just part of it.
This is just how U.S. health insurance works. This is a systemic issue. This is, especially for the insurance companies that are on the stock market, they have a duty to make money for shareholders. And one of the ways that they do that is by making sure that they pay out fewer claims. That's just part of it.
This is just how U.S. health insurance works. This is a systemic issue. This is, especially for the insurance companies that are on the stock market, they have a duty to make money for shareholders. And one of the ways that they do that is by making sure that they pay out fewer claims. That's just part of it.
The most watched number in every earnings call for an insurer is called the medical loss ratio. That's a number that says this is how much money of our premiums that we spend on medical care. And lower is better. If it's higher than expected, Wall Street freaks out. So I think that kind of tells you a lot.
The most watched number in every earnings call for an insurer is called the medical loss ratio. That's a number that says this is how much money of our premiums that we spend on medical care. And lower is better. If it's higher than expected, Wall Street freaks out. So I think that kind of tells you a lot.
The most watched number in every earnings call for an insurer is called the medical loss ratio. That's a number that says this is how much money of our premiums that we spend on medical care. And lower is better. If it's higher than expected, Wall Street freaks out. So I think that kind of tells you a lot.