The country’s largest insurer just posted record revenues. That money comes from denying care and gouging patients — who are now sharing their stories.
Health care is big business in the United States. So big it can be hard to wrap your head around.
America’s largest health care company, the UnitedHealth Group, pulled in over $100 billion in revenue in just the fourth quarter of 2024 alone. For the full year, the giant’s insurance division, UnitedHealthcare, just reported record revenue of $298.2 billion.
These staggering revenue totals actually fell below investor expectations. Right after the announcement, UnitedHealth Group shares slipped 6 percent on the New York Stock Exchange.
That tells you a lot about what’s important in the health care industry: profit, not care. Health insurance companies in particular can only profit by paying out less in claims they collect in premiums. And that means denying patients coverage for the care they need.
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