UnitedHealth Group Incorporated (UNH) Faces Mounting Backlash Amid Billing Disputes, CEO Resignation, and Criminal Probe
UnitedHealth Group Incorporated (NYSE:UNH)'s UnitedHealthcare, the largest private health insurer in the U.S., is facing unprecedented public and regulatory scrutiny amid mounting patient frustration and industry turmoil. In 2023, San Diego benefits advocate Sue Cover spent six months battling a $1,000 billing dispute, highlighting the widespread challenges Americans face with insurance companies. UnitedHealthcare, which covers over 29 million Americans and controls 15% of the market, has become a focal point for criticism over denied claims, administrative hurdles, and rising healthcare costs.
A healthcare professional wearing a health communications device discussing patient data with a colleague.
The company's reputation has suffered from high claim denial rates, 33% for certain ACA plans in 2023, among the highest in the industry, and lawsuits alleging improper use of AI to deny care. UnitedHealth Group Incorporated (NYSE:UNH)'s influence extends beyond insurance, with ownership of pharmacy benefit manager Optum Rx and affiliations with about 90,000 doctors, raising concerns about conflicts of interest and profit-driven care.
Recent setbacks include a $300 billion market cap loss, CEO Andrew Witty's resignation, a criminal probe into Medicare Advantage practices, and fallout from a major ransomware attack on its Change Healthcare subsidiary. Experts say UnitedHealth Group Incorporated (NYSE:UNH)'s woes are symptomatic of a broader, costly, and convoluted U.S. healthcare system where insurers' cost-cutting tactics can delay or deny critical patient care.
While we acknowledge the potential of UNH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UNH and that has 100x upside potential, check out our report about this
READ NEXT: and
Disclosure: None.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
31 minutes ago
- Yahoo
Medline signs agreement with Ohio State University to supply medical products
Supply chain solutions provider Medline has entered into a prime vendor agreement with The Ohio State University Wexner Medical Center for the supply of a portfolio of medical-surgical products. The agreement also involves supply chain optimisation solutions to over 100 facilities within the health system. It aims to enhance the health system's operational efficiency and clinical delivery objectives. Medline executive account director Tiffany Sancin said: 'Our advanced distribution capabilities, coupled with our cutting-edge technology, enable us to support the medical centre in scaling their operations effectively. This agreement underscores how our ability to scale is key as they expand their footprint to meet the growing demands of their health system.' The distribution of products and services will be facilitated by Medline's centre located in West Jefferson, Ohio, US, which features AutoStore warehouse automation and software technology. The company will leverage its MedTrans trucks. Established in 2023, this facility is engineered to enhance order execution and operational efficiency and is part of Medline's extensive network of 45 distribution centres in the US. Medline vice-president of regional operations Amanda Lovelace-Tobicash said: 'Our West Jefferson team is dedicated to supporting The Ohio State Wexner Medical Center as they continue to grow. 'Our team's commitment is evident through our industry-leading infrastructure, which utilises the latest technology and innovation to ensure next-day delivery to 95% of all our US customers. This level of service is what allows us to support the West Jefferson team's hard work and dedication to all Ohioans.' This agreement follows a similar prime vendor distribution agreement signed by Medline in October last year with Kaweah Health, a California-based community hospital. Through this multi-year agreement, Medline assisted Kaweah Health in maintaining patient care while achieving cost savings. "Medline signs agreement with Ohio State University to supply medical products" was originally created and published by Hospital Management, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNET
32 minutes ago
- CNET
RedMagic's 10S Pro Is One of the Most Powerful Phones I've Ever Tested
The RedMagic 10S Pro gaming phone, announced Thursday, might be the most powerful Android phone of 2025 so far, and it has quite the power boost over last year's RedMagic 10 Pro. The new device, which starts at $699 (£579, roughly converts to AU$1,230) for 12GB of memory and 256GB of storage, includes a "Leading Edition" of the Qualcomm Snapdragon 8 Elite processor. My review unit is the midlevel $849 model with 16GB of memory and 512GB of storage, while RedMagic's highest-end model is $999 for 24GB of memory and 1TB of storage. But power is clearly the showcase of the 10S Pro, and in my early benchmarks using the graphically demanding 3D Wild Life Extreme test, the phone pulls one of the highest scores I've ever seen. The 10S Pro heartily beats last year's 10 Pro and the Asus ROG Phone 9 Pro, which run on the earlier edition of the Elite processor. The 10S Pro even beats the $1,300 Samsung Galaxy S25 Ultra while costing hundreds of dollars less. RedMagic 10S Pro benchmark tests vs. RedMagic 10 Pro, Asus ROG Phone 9 Pro, Samsung Galaxy S25 Ultra 3DMark Wild Life Extreme Geekbench 6.0 RedMagic 10S Pro 7,193; 43.07fps Single: 3,050; Multi: 9,586 RedMagic 10 Pro 5,869; 35.15fps Single: 3,123; Multi: 9,756 Asus ROG Phone 9 Pro 5,923; 35.47fps Single: 3,075; Multi: 9,710 Samsung Galaxy S25 Ultra 6,950; 41.62 fps Single: 3,053; Multi: 9,707 In the more computationally focused Geekbench 6.0, the RedMagic 10S Pro scores comparably with the phones from Asus and Samsung. In real-world use, this means the phone easily handles high frame rates and graphics settings in Android games that provide them. I often test Mortal Kombat Mobile and Dead Cells since both titles include support for high frame rates, and the phone quickly boots them up while running at 120 to 144 frames per second. I similarly had confidence in cranking up the graphics in other titles like Asphalt Legends, in which cars go flying in frequent collisions. And in a test that is less reliant on the processor, I used Xbox Cloud Gaming to play Doom: The Dark Ages, which benefits from the uninterrupted 1.5K-resolution display (2,688x1,216 pixels) that places the front-facing camera behind the display. Playing Doom: The Dark Ages over Xbox Cloud Gaming. Mike Sorrentino/CNET That 6.85-inch display is largely the same as the RedMagic 10 Pro's, which runs at a 144Hz refresh rate and can reach a peak brightness of 2,000 nits. The screen also includes the same 960Hz touch sampling rate, meaning it's very responsive to quick taps in games that rely on that. RedMagic says the 10S Pro also gets an improved cooling system, and its 7,050-mAh battery can recharge at 80W speeds. RedMagic's phones also include a suite of gaming optimization software, which lets you adjust settings such as the power consumption of games, the option to force titles to run in vertical or horizontal orientation, and customizable controls that include using shoulder-button-style sensors or a virtual joypad with buttons. Fans of RedMagic phones who don't already own the RedMagic 10 Pro will likely appreciate the upgrades offered here, especially in terms of performance. RedMagic also improved its software update support with the 10S Pro, with a company representative stating that it will get three years of both major software updates and security support. While that's nowhere near the seven years of support we're seeing from Google and Samsung, it's much better than the RedMagic 10 Pro, which is only receiving one major software update and three years of security updates. The 16-megapixel front-facing camera is underneath the display. Mike Sorrentino/CNET RedMagic's phones are still tougher to recommend outside of the gaming-focused audience who understand that the device's biggest selling point is the powerful specs sheet. When setting up the phone, I still encounter a lot of software enabled by default that interferes with enjoying the phone out of the box. This includes a camera watermark that needs to be turned off to avoid turning every photo you take into an advertisement for RedMagic, a RedMagic-specific news feed that replaces the Google version that's typically seen on Android, and a few apps that cannot be uninstalled, like Daily Wallpaper. This photo at CNET's New York office was taken on the 16-megapixel front-facing camera on the RedMagic 10S Pro. This selfie camera is underneath the display. Mike Sorrentino/CNET The camera is also a much lower priority for a phone like this, especially since the 16-megapixel under-display selfie camera will make you appear a bit fuzzy on video calls. This is the same photo at CNET's New York office, but taken on the 50-megapixel main camera. Mike Sorrentino/CNET The rear camera system includes a 50-megapixel main camera, a 50-megapixel ultrawide camera and a 2-megapixel camera that's said to enhance photo quality in certain modes. The camera's lenses are flush with the phone's body and do not have a bump. While the Asus ROG Phone 9 costs more money at $1,000 and is now -- on a power level -- slower than the 10S Pro, it offers a more balanced experience between being a phone, camera and gaming device. Its software is closer to a stock Android experience, but it does offer lots of gaming optimizations, similar to what RedMagic provides on this phone. But if you're a big Android gamer and want the most powerful specs for less money -- and you understand the tradeoffs RedMagic makes to achieve this -- the 10S Pro is currently the most graphically powerful phone out there until the next wave of gaming phones arrives.
CNET
32 minutes ago
- CNET
I Forgot John Mulaney Was in This Movie in This Week's Netflix Top 10
Every week, Netflix unveils its Top 10 lists for the week before, ranking TV shows and movies by viewership. As someone who covers streaming content (and also just watches a lot of TV), I keep an eye on the titles that come and go, and am always curious what hits and what doesn't. Last week, John Mulaney's Netflix animated series Big Mouth premiered a new season, and his Netflix talk show Everybody's Live with John Mulaney aired its season finale, so I was curious if either would crack the Netflix Top 10. Neither did, but ironically, a third Mulaney-involved title — Puss In Boots: The Last Wish — was in the No. 5 spot on the Netflix movie chart to my surprise, mostly because I forgot that he was even in it. (Sure, Puss In Boots: The Last Wish also stars Antonio Banderas, Salma Hayek, Harvey Guillen and Florence Pugh, but for the sake of argument, today it's a John Mulaney film.) Mulaney has been incredibly busy for the past few years, and it feels like the past two months reached peak Mulaney saturation: the eighth and final season of Big Mouth premiered on May 23, while his talk show Everybody's Live with John Mulaney aired its season finale on May 28 after running for 12 truly weird and unpredictable weeks. (For weeks, the show teased that the finale would feature Mulaney brawling with three 14-year-old boys. And yes, that fight did happen, rest assured no children were harmed.) Between both of his Netflix shows and recent appearances on Peacock's Poker Face and SNL 50, I think that his ubiquity is why I had forgotten all about his role as Jack Horner, the main villain in Puss In Boots: The Last Wish. It's certainly not because the role wasn't memorable, he actually stole every scene he was in as the narcissistic nursery rhyme character with an inferiority complex. Puss In Boots: The Last Wish, which debuted in theaters in 2022, is not actually available on Netflix in the U.S., which makes it even more impressive that it's dominating the Global Top 10 based on its popularity in Central and South America, where it peaked at No. 1 and has remained in the Top 10 film in dozens of countries for five weeks. DreamWorks Once I remembered Mulaney's pivotal role in the movie, I started to wonder, is this guy secretly Netflix's biggest star? He seems to have been given creative carte blanche on his talk shows and stand-up specials and, while his comedy can be niche, he also stars in projects with global appeal, so he very well could be. The streamer has deals with bigger names like Adam Sandler, Tyler Perry and Millie Bobby Brown, but I think Mulaney may be their ringer. He also starred in Spider-Man: Across the Spider-Verse, which was only just removed from Netflix in April, he has seven comedy specials on the platform, and he pops up in everything from Comedians In Cars Getting Coffee to this month's Conan O'Brien's Mark Twain Prize for American Humor special. He's in so many things that somehow they managed to overshadow The Last Wish in my mind. But the film, which has made almost $500 million globally, is hardly under the radar. Maybe while it remains in the Top 10, it will give him a chance to take a well-deserved break from Netflix and just chill. At least for a little while, before he starts plotting who to grapple on season 2 of Everybody's Live.
