Andrew Witty's Exit and The Unimaginable Scale of the Collapse of UnitedHealth Group
Be careful what you wish for?
I've spent a better part of three years advocating financially for the accountability of UnitedHealth Group. I've had to put up with years of that not happening, and earth-shaking profits, and a chain healthcare cyber attack, and a cold-blooded murder in the streets of New York, and still, care was being denied at an industrial scale with no accountability.
Until that is, today. Yes, I know United has had a difficult month. The Change Disaster didn't do anyone any favors…
Prior coverage of the Change Healthcare cyber attack is available here. and here. and here. and here. and here. and here. and also here. Oh, and with an NFT, here. An overview of all the things that changed is available in an article from the other day.
But today was just some next-level disaster when it comes to financial markets. I have never been more correct in my life about anything than when I advocated for shorting the stock of UnitedHealth Group. If only I had any disposable income or the courage of my convic…