Despite having offered what it characterizes as “extensive” financial assistance to its policyholders throughout the pandemic, UnitedHealthcare’s profits remain substantial nine months into the country’s battle with COVID-19. The Los Angeles Times asks the question, if United could still achieve $1 billion in profit per month during Q3 while the pandemic raged on, and while the insurer supposedly was offering coverage at a discount, what does this say about normal, non-pandemic rates? We think it says that they are too high — both now and before the pandemic — and that this is more evidence of payors prioritizing their wealth over their members’ health.
Subscribe to Un-covered Essentials
Insurer policies limit coverage and disrupt patient care, while producing record profits for corporate shareholders. Stay informed with the Un-covered newsletter.