The Unemployable Life
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The Unemployable Life
Luigi Mangione: Bridging Millionaires and Middle-Class Realities | Part 2
The death of UnitedHealthcare CEO Brian Thompson was shocking, but what resulted from this tragedy reveals a bigger issue in the healthcare business. In this episode, we look at the revelations and issues that came out, as well as how this event has drawn additional attention to the dysfunctional healthcare and corporate governance systems.
🤔 What can you learn from this video?
~ Insurance in Crisis:
* Every year, 26,000 Americans die from the lack of insurance, which is more than double the number of murder victims.
* UHC's 32% claim denial rate, which is double the industry average, raises concerns about accountability.
~ Economic Inequities in Healthcare:
* Low-income households pay roughly one-third of their earnings on premiums, compared to 4% for high-income earners.
* The effect of inflation on healthcare costs causes the system to be increasingly unsustainable.
~ The Role of AI in Denying Care:
* UHC's "Al.E.R.T." system applies algorithms that limit patient treatments, and sometimes overriding medical professionals.
* This raises moral concerns regarding the implementation of technology in potentially life-threatening situations.
~ Corporate Controversies:
* Thompson engaged in insider trading with other executives, resulting in a $25 billion loss of shareholder value.
* The Department of Justice's investigation of UHC was known months before its revelation, with large insider stock sales taking place prior to that.
This tragedy is about more than just one person; it is also about the systems and structures affecting millions of lives. But the question is. Are we ready to demand transparency, accountability, and an improved healthcare system?
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Knowledgeable sources used in this video:
Thompson was an inside trader - healthcarefinancenews.com 2024
https://www.healthcarefinancenews.com/news/brian-thompson-named-lawsuit-alleging-insider-trading
They knew about the investigation - Huffpost.com 2024
https://www.huffpost.com/entry/unitedhealthcare-brian-thompson-insider-trading-lawsuit_n_6751a2abe4b01129dffa8789
UHC is big - Forbes 2024
https://www.youtube.com/watch?v=FOI5XT7eaN8
UHC facts - Fads 2024
https://www.youtube.com/watch?v=WYxP2qcEXlg
