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This was bound to happen due to their corporate greed. This company is imploding and as a former employee who knew well enough to get the hell out, I am happy to see it. Enough of these CEO's and the like making mulit-million dollar salaries at the expense of the little people, both employees and policy holders.
The market cap gets cut in half in 6 months? Something major had to be done.
As a former employee, I am glad I got out when I did and have never thought twice about my decision.
I hope they hang Mcguire out to dry
like he deserves.
How dumb do corporate PR departments think we are?
They try to blame market conditions, but don't you think having to pay $895 million due to the backdating scandal has an impact on "rising costs".
4,000 jobs gone because of the illegal actions of a few people at the top. They pay out of their excess, and the rest pay with their jobs.
Yeah, United Health!
I sense a disgruntled employee. It is a trying time for all health insurance companies. United is a major employer in MN and if it implodes, the impact would devastate the MN economy. Is this something that you wish upon for all employees? United will survive in the long term, why? Because of how diverse they are in not only their health insurance offerings but also in the services offered through many of its organizations that are widely used in the healthcare industry. Everyone has been looking at CEO pay which is a crock. The pay is on scale with what most other CEO's make (today). There has been a number of changes in the organization that has been very postitive. Perhaps you were a part of these changes (MNLynxfan) which resulted in your slamming of the company. If that is (was) the case, United is in a better place.
Rather than punish the little guys trying to make a living, why not cut 400 executives who make at least 10x what the average worker does - they are the ones responsible. Does Slick Bill have to pay back his ill-gotten fortune?
too bad it's the little people who will once again feel the pain, not the C-levels who caused it. Also, seems like a bunch of rearranging job titles but no resolution to fix the real world problems such as their dismal pay-out $4 and time-frame stats. I don't know who would want to business with them or work for/with them except those without a more viable option. They have a huge hill to climb back to credibility and respect and still a big rock to push up there.
UHG is a crooked company. I am a software developer, a solid performer, that was laid off when times were "good" for the company a few years ago, not because there was no work to be done or that value wasn't being added, but to protect the bonus of some manager in Connecticut.
Anyway, they're getting their come-uppance now for their greed and treating employees so poorly. Too bad for the current employees, though. Some good people there will be out of a job because of such terrible management.
That figures they cancel policies at will and picks and choses what they want to pay. They also do not notify you and turn prescriptions they cancel after they approve to a collection aga\wncy and don't even tell you.
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