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What we know about CEO shooting suspect

bbc.com

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Re: What we know about CEO shooting suspect

#801

Post by avn2109 »

onlyrealcuzzo wrote: post #787
brodouevencode wrote: post #742

Earlier quoted context omitted.

How far does this carry? Is the charge of the insurance company to keep you alive at all costs?

UHC has a profit margin of 6%. If the company was PERFECTLY run, you're still going to have tons of people getting denied claims. That's what happens with the law of big numbers. And guess what. You're never going to have a perfectly run company. If you take the CEOs salary and distribute it to healthcare patients, $50M worth of healthcare is not going to even minutely move the needle. UHC revenue is $100B PER QUARTE…

FWIW, 6% is clearly "Hollywood accounting," just look at the stock chart. No business with six percent margins has stock performance like UNH.

Re: What we know about CEO shooting suspect

#802

Post by ceejayoz »

onlyrealcuzzo wrote: post #787
brodouevencode wrote: post #742

Earlier quoted context omitted.

How far does this carry? Is the charge of the insurance company to keep you alive at all costs?

UHC has a profit margin of 6%. If the company was PERFECTLY run, you're still going to have tons of people getting denied claims. That's what happens with the law of big numbers. And guess what. You're never going to have a perfectly run company. If you take the CEOs salary and distribute it to healthcare patients, $50M worth of healthcare is not going to even minutely move the needle. UHC revenue is $100B PER QUARTE…

> If you take the CEOs salary and distribute it to healthcare patients, $50M worth of healthcare is not going to even minutely move the needle.

They make $15-20B profit annually. They aren't just funding a single well-paid role off denials.

Re: What we know about CEO shooting suspect

#803

Post by Teever »

onlyrealcuzzo wrote: post #787
brodouevencode wrote: post #742

Earlier quoted context omitted.

How far does this carry? Is the charge of the insurance company to keep you alive at all costs?

UHC has a profit margin of 6%. If the company was PERFECTLY run, you're still going to have tons of people getting denied claims. That's what happens with the law of big numbers. And guess what. You're never going to have a perfectly run company. If you take the CEOs salary and distribute it to healthcare patients, $50M worth of healthcare is not going to even minutely move the needle. UHC revenue is $100B PER QUARTE…

What if this entire sector just didn't exist and the money paid out to health insurance secretaries and janitors who clean their offices and the people in the accounting department who handle their salaries just went into paying for actual healthcare instead?

Like isn't the entire sector just inefficient bloat? What value does it provide that can't be provided much more efficiently?

Re: What we know about CEO shooting suspect

#804

Post by lenerdenator »

onlyrealcuzzo wrote: post #787
brodouevencode wrote: post #742

Earlier quoted context omitted.

How far does this carry? Is the charge of the insurance company to keep you alive at all costs?

UHC has a profit margin of 6%. If the company was PERFECTLY run, you're still going to have tons of people getting denied claims. That's what happens with the law of big numbers. And guess what. You're never going to have a perfectly run company. If you take the CEOs salary and distribute it to healthcare patients, $50M worth of healthcare is not going to even minutely move the needle. UHC revenue is $100B PER QUARTE…

> If you take the CEOs salary and distribute it to healthcare patients, $50M worth of healthcare is not going to even minutely move the needle.

I have a hard time buying this. Really? You can't cover a few more cents of a few more claims if you reduce c-suite pay?

I don't pay my premium to just see it go directly to the c-suite and some retirement fund's coffers. I pay it to cover healthcare costs and to keep from being financially ruined by a chance illness or injury.

If the CEO is making a half-million a year and his company is coming to me telling me that there just isn't any money to cover my back injury surgery, they're negotiating in far better faith than if they're paying him ~5x the median lifetime earnings of the American male each year, every year.

Good faith matters.

Re: What we know about CEO shooting suspect

#805

Post by ARandomerDude »

dwallin wrote: post #790
3a2d29 wrote: post #730

Earlier quoted context omitted.

Only the CEO or everyone that works there?

Responsibility for the actions of a company should be somewhat proportional to the amount of profit derived from said activities.

So if you kill people but you only make $30K a year then no big deal. But if they 100x your salary now you're a real bad guy. That can't be right.

Re: What we know about CEO shooting suspect

#806

Post by game_the0ry »

munksbeer wrote: post #586

Usually I don't tend to get caught up in stories like this. But one thing has me completely fascinated, is how far off the deep end the internet went over the last few days. A murderer became a cult hero online. I saw many posts even suggesting "the snitch" should be hunted down and get what's coming to him/her. I try not to overreact to stuff online, but this took me a bit by surprise. Things really feel like a melt…

> ...so much pent up anger amongst people who actually lead pretty decent lives.

This is the part of the story that must be discussed more, lest there will be more killings like this one.

Re: What we know about CEO shooting suspect

#807

Post by zenapollo »

LetsGetTechnicl wrote: post #752
thegrimmest wrote: post #737

Earlier quoted context omitted.

Refusing to pay for medical care is hardly murder. It’s a standard monetary dispute, and we have a due process for these. If you think that so many claims are being unreasonably denied, why not start a company offering bridge loans, and funding legal challenges? Maybe the courts are too inefficient to handle these disputes, but that’s an argument for reforming the courts, not for shooting executives.

> Refusing to pay for medical care is hardly murder. This is crazy. Maybe it's not "murder" in the traditional sense but you are making a choice on whether someone gets life-saving care, or lives in immense pain for the rest of their lives until they commit suicide. Again, this kind of normalized violence is justified when it's a business making choices to increase profits. We are so disconnected from our humanity th…

Yes. Crazy as in truly psychopathic. Not the name calling version. Here’s chatgpt on the medical/psychological definition of psychopathy:

Key traits associated with psychopathy include: 1. Affective Traits: • Lack of empathy (emotional detachment from others’ suffering) • Shallow emotions (restricted emotional range) • Absence of guilt or remorse • Callousness 2. Interpersonal Traits: • Superficial charm • Grandiosity (inflated sense of self-worth) • Manipulativeness • Deceptiveness or pathological lying

People defend planetary scale psychopathy because it’s quite literally business as usual.

Re: What we know about CEO shooting suspect

#809

Post by lotsoweiners »

harimau777 wrote: post #711
munksbeer wrote: post #586

Usually I don't tend to get caught up in stories like this. But one thing has me completely fascinated, is how far off the deep end the internet went over the last few days. A murderer became a cult hero online. I saw many posts even suggesting "the snitch" should be hunted down and get what's coming to him/her. I try not to overreact to stuff online, but this took me a bit by surprise. Things really feel like a melt…

I'm not sure people are actually leading pretty decent lives. The people I know are working stressful dead end jobs and living with roommates in order to barely make ends meet. They don't have much prospect of improving their lot because doing so requires capital that they don't have (e.g. to start a business or go to college). Even though they have health insurance, they avoid going to the doctor unless absolutely n…

The people I know are pretty much exactly the opposite of you so I think it comes down to age/experience, location, and other factors.
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