UnitedHealth Group Loses 22% of Value In A Single Day
And I told you this was a stock to short...in 2023.
It was a tough day for shareholders of UnitedHealth Group.
How tough? This is the CEO at his the earnings call, yesterday:
"an overall performance that was frankly unusual and unacceptable."
Wow, do we ever agree!
Now, that is the equivalent of $120b in value in a single day.
Witty added UHG is…
"consistently engaging with members in their homes" and "appropriately assessing and updating the health status of new patients...[e]specially those at high risk levels."
Which may be true enough, but we have prior reporting on this topic…
Remember, just earlier this week…where my insider sources told us that on 4/24 there will be a substantial shedding of Optum at Home employees?
Breaking News: Optum at Home May Be Shutting Down
The Frontier Psychiatrists didn’t intend to be a real, primary news source. But thanks to TikTok, I have. My accidental beat has become UnitedHealth Group and its relentless— and somewhat clandestine —employment and corporate restructuring practices.
Yep, that is what sources told me. Keep in mind, what Sir Andrew Witty is alluding to is behavior that has been characterized as fraudulent by the DOJ…even if rejected by a Special Master.
If anyone thinks they can slow the prior authorization train down now, of course, well, probably don't say it or get threatened with…