• nkat2112@sh.itjust.works
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    7 个月前

    We saw what was a perfect three-word alliteration as found on certain shell casings for a healthcare CEO, but what comparable three-word alliteration would be suitable for an asset manager? I don’t know…

    • Vanilla_PuddinFudge@infosec.pub
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      7 个月前

      They’ll all probably get away with everything while also giving themselves more money due to Trump’s regime. They’ll all live to ripe old ages supported by profits that could’ve benefitted everyone, if they don’t cure aging for themselves before then to become absolute, not that their shitty nepo kids wouldn’t just replace them.

  • Kurious84@eviltoast.org
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    7 个月前

    There’s this rule that says a business will never make less money to provide better arrived. They will charge us more and deny claims to compensate.

    Why should the customer pay for the business to weather ups and downs.

    Take pge. Hey burn half of the north bay down and then charge people more on their bills to prevent future fires. They were pocketing the money for years which caused the fires.

    This country has really reached its end.

  • BetaBlake@lemmy.world
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    7 个月前

    I’m not got to name names, but I really hope certain people cease to exist because that would be hilarious.

    • finitebanjo@lemmy.world
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      7 个月前

      I have no love for him but the lawyers are actually arguing that UHC never disclosed that they would be denying rates at higher numbers than competitors. Meaning this article, according to it’s own cited source, is lying.

    • tempest@lemmy.ca
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      7 个月前

      As much as people harp on blackrock and vanguard they hold a ton of people’s retirement funds.

      This is a vicious thing to do of course but they are protecting a lot of people’s nest egg.

      • Auli@lemmy.ca
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        7 个月前

        Fuck them. Oh no the insurance company is doing what it’s supposed to instead of denying everyone like they do.

        • tempest@lemmy.ca
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          7 个月前

          Sure but it is sorta a treating the symptom and not the disease. Blackrock is right to sue them as a shareholder but companies should not be involved in people’s health care to begin with.

          • NotASharkInAManSuit@lemmy.world
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            7 个月前

            Can you explain in what way you feel Blackrock is right? Do you feel that people’s lives and healthcare are less important than share holder profits for a company that sells you the promise of covering your medical expenses because that’s what you are specifically paying them to do because they gave you a legally binding agreement to do so? How does a health insurance company insuring healthcare costs put them in the wrong? I really need a clarification here.

        • toastmeister@lemmy.ca
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          7 个月前

          Their job is to attain shareholder value, not to legislate healthcare. If you’re relying on the charity of for-profit corporations run by shareholders then you’re going to have a sad time, you need to look at who you’re voting for.

      • UnderpantsWeevil@lemmy.world
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        7 个月前

        This is a vicious thing to do

        If you get into the weeds, the issue isn’t that UHC updated their coverage policies and practices. It is that they did so without notifying shareholders first.

        Incidentally, one upshot of this lawsuit will be a long period of discovery during which UHC will attempt to prove it is fulfilling its fiduciary duty by showing off how many cruel and nefarious methods it uses to fuck over its clients. So, while you might shit on Blackrock for “viciously” exposing UHC’s internal practices to the light of day, I’ve gotta say that I am seeing nothing but positive outcomes as a result.

      • sugarfoot00@lemmy.ca
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        7 个月前

        Oh please. That doesn’t make the math any more forgivable. Every investor made a choice. The fact that it’s an institutional investor and mutual funds doesn’t sever the provider of the money and their demand for returns from the ethical issues of what the companies are doing.

        Don’t fail to hold equity investors like this to account because they’re holding grandma’s retirement hostage. That’s on grandma too.

    • NauticalNoodle@lemmy.ml
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      7 个月前

      Apparently Larry Fink runs the American Investment Firm known as BlackRock. Why do you ask? Are you going to write him a letter? In that case according to the article there’s some relevant information about where to send it

      “In 2004, they bought Finch Farm in North Salem, New York from the actor Stanley Tucci for $3.7 million and have since bought seven more parcels of land there, including one from Maurice Sendak and 27 acres from the town’s deputy supervisor Peter Kamenstein in 2019 for $5.4 million.[47] They also have an apartment on the Upper East Side of Manhattan and a house in Aspen, Colorado.[3]”

      If you’re worried about him being on the opposite side of political issues then don’t you worry because Larry “Fink is a lifelong supporter of the Democratic Party.”

      I hope that helps you with your message! Good Luck.

  • merdaverse@lemm.ee
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    7 个月前

    Sorry UnitedHealth, but your insurance does not cover getting bled dry by parasitic leeches.

  • nkat2112@sh.itjust.works
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    7 个月前

    The Punchline That Isn’t Funny

    BlackRock will probably win this lawsuit. Or settle for millions. Either way, they’ll extract value from a system designed to extract life from patients.

    They’re not just suing UnitedHealth — they’re suing the very idea that health insurance should provide health insurance. They’re fighting for their constitutional right to profit when people die and lose money when people live.

    Welcome to American healthcare, where caring too much is a lawsuit waiting to happen.

    Dear Sweet Mother of God, this article does not hold back on the biting truth.

    It’s a worthwhile read with only one small mistake contained within:

    Luigi Mangione didn’t just kill a CEO

    There is no reliable evidence to suggest Mr. Mangione killed anyone. And I, for one, remain convinced he did not do that deed.

    • glimse@lemmy.world
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      7 个月前

      There is no reliable evidence to suggest Mr. Mangione killed anyone.

      I’m so sick of everyone making me repeat myself with this:

      Luigi was.

      With me.

      The morning.

      Of the murder.

      He physically could not have committed the crime from another location. We were setting up for our friend’s dad’s birthday party and he was busy getting the balloons ready.

      Not guilty.

      • voracitude@lemmy.world
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        7 个月前

        Can confirm, I was there too. It was an early one and we had to get him up, I remember; that guy could sleep through like fifteen alarms.

    • finitebanjo@lemmy.world
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      7 个月前

      It actually doesn’t hold back on the biting lie, their source says pretty much the opposite and the lawsuit is about earnings forecasts and stock price manipulation.

    • driving_crooner@lemmy.eco.br
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      7 个月前

      Hope Mangione is found innocent and he suits the shit out off all the media companies that declared guilty without any proof.

      • Ex Nummis@lemmy.world
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        7 个月前

        I’m fully convinced that if it ever starts looking like he might legitimately walk, he’ll be Epstein’d. They want to keep that option for last resorts only because they understand the optics behind it, but I’m sure it’s not completely off the table.

          • EmpiricalDicktaster@lemmy.blahaj.zone
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            7 个月前

            In any case, if he is not convicted and walks free then the people will know that the actual shooter was never caught and that there were no consequences for his action. The only thing they can truly do is prolong this case for as long as is necessary so that the people can never be 100% sure that they didn’t catch the actual shooter, or so they forget this all ever happened at all.

    • Omega_Jimes@lemmy.ca
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      7 个月前

      It’s worth noting that this is a blog post, and not reporting from an accountable journalistic agency.

      I don’t see anything obviously incorrect, but it’s worth noting the source.

    • SCmSTR@lemmy.blahaj.zone
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      7 个月前

      Seems that we have a very clear cause and effect pathway now, though, and blackrock has offered a solution.

      Mario-san? HAAIII! Nani ga sugi? CEO no rieki yori mo anata!!