Wall Street To Insurers: Keep Denying Care

A health care industry giant’s Wall Street overlords just admitted that the company’s sky-high health insurance coverage denial rates reaped them enormous profits — and to keep the money flowing, they’re suing to stop the insurer from approving more patient care.

UnitedHealth Group has been facing growing discontent from its investors, a battle that — as the corporation faces mounting public scrutiny over its care denials — could shape the future of health insurance for 29 million people.

A May 7 lawsuit brought by a small-time investor in UnitedHealth Group is one of the latest chapters in the battle, arguing that the company’s tanking stock performance this spring had cost its investors unfairly.

The post Wall Street To Insurers: Keep Denying Care appeared first on PopularResistance.Org.

This post was originally published on PopularResistance.Org.