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Investors Are Pressing UnitedHealth Group to Deny More Care (jacobin.com)

submitted 3 days ago by BrikoX@lemmy.zip to c/usa@midwest.social

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UnitedHealth Group’s investors have profited from its sky-high coverage denial rates. Now, as the company faces mounting public pressure to approve more patient care, they are suing to stop the insurer from changing its “corporate practices.”

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[–] ExtantHuman@lemm.ee 2 points 2 days ago (1 children)

So... Anyone with a 401k/IRA

[–] piccolo@sh.itjust.works 2 points 2 days ago* (last edited 2 days ago) (1 children)

Is you are manually investing into them, yes. Most people dont, the banks are investing for them.

[–] ExtantHuman@lemm.ee -2 points 2 days ago (1 children)

Are you trying to describe an ETF/mutual fund?

[–] piccolo@sh.itjust.works 1 points 2 days ago (1 children)

No. I am describing a managed 401k.

[–] ExtantHuman@lemm.ee -1 points 1 day ago (1 children)

...which invest in mutual funds...

And less than 15% of 401ks are managed. So, no, most 401ks are not what you just described.

[–] piccolo@sh.itjust.works 0 points 1 day ago (1 children)

You got a source? Becuase i only know a few people that self managed.

[–] ExtantHuman@lemm.ee -1 points 1 day ago (2 children)

You could have googled this yourself in the time it took you to ask for a source. Your anecdotes about you mostly only knowing people you work with don't change that.

[–] bitjunkie@lemmy.world 1 points 1 day ago

And you could have provided one in the time it took you to double down on the original assertion

[–] piccolo@sh.itjust.works 0 points 1 day ago

I was not the one to pull an exact number out of my ass. I requested your source on it. So congratulations making it public that you have no idea what you are talking about.