Current market cap is 479.23 billionย USD. Lost 14.96% since the assasination. 479.23/0.8504=563,53 B, so they lost 84.3B.
According to google, Canada’s annual healthcare spending is **$372 billion**.
Effective_Macaron_23
1 month ago
As always, there’s a misconception when stocks prices go down. The company isn’t really loosing money, the investors are losing value on their investment. The company is still running and receiving cash flow. Yeah, probably the cash flow is being negatively affected, but it’s nowhere near what the collective stock price is suggesting.
wEiRd_FleX_Buut_oK
1 month ago
The actual number appears to be ~27.47 billion (505.81 billion on December 6th (he died on December 4th but close enough) – 478.34 billion today). [https://companiesmarketcap.com/united-health/marketcap/](https://companiesmarketcap.com/united-health/marketcap/)
The Canadian healthcare system spends 344 billion dollars annually with 70 percent of that spending coming from taxes according to the Canadian Medical Association so the government (provincial and federal) spends approximately 240.8 billion every year. [https://www.cma.ca/how-health-care-funded-canada](https://www.cma.ca/how-health-care-funded-canada)
So no.
BTW this post doesn’t make sense because the market cap reflects the total present value of the company’s future profits so why is being compared to the annual expenditure of a country?
IntelligentBelt1221
1 month ago
You can’t really compare market cap with yearly expenses (thats what i assume they mean here). The same way you can’t really compare market cap with gdp.
WorldcupTicketR16
1 month ago
These sorts of tweets purposely exploit financially illiterate people.
On Sunday, Trump’s shitcoin that he released like two days earlier lost over 50% of its insane “value”. A handful of ~~investors~~ gamblers might have lost a lot of money panic selling but Trump didn’t lose anything.
qiwi
1 month ago
No, the **owners** of UHC stock lost that much. The largest owners are Vanguard, Blackrock etc. so it’s really your pensions that have lost money.
teluetetime
1 month ago
Who exactly is โtheyโ here? Who is bragging about it saving money, and who is encouraging people to use it?
The fact that there were scandals was entirely because a handful of employees appear to have done so without any authorization, resulting in immediate outrage. How does that translate into it being some systemic action?
343GuiltyySpark
1 month ago
US/territory citizens with UNH: 60m
Entire Canadian population: 40m
US heathcare system is busted but scaling issues are never taken into account for dumb comparisons like this. Canada is over 8x smaller which needless to say much easier to coordinate universal care. Also heโs being deceitful in the wording because heโs not qualifying that the 63b was just for healthcare costs since Thomson was killed. Itโs costs Canada something like 250-300b a year
rube_X_cube
1 month ago
As others have pointed out, the math is not mathing. But even more importantly, none of this is going to help drive down health care prices.
botbrain83
1 month ago
False. This post makes the absolute rookie mistake of equating a stock price with real world profits and losses. United Health Group is a profitable company that is continuing its normal business, regardless of where the stock price is.
Striking_Computer834
1 month ago
People not understanding the difference between value and actual cash leads them to believe a lot of things that are just flat out wrong.
pbjork
1 month ago
If you dissolved all of UHN’s assets $300B you could find the Canadian healthcare system for one year. $300B But then what about next year. Comparing market cap to costs makes even less sense. You can do whatever math you want, but what is the point?
username_obnoxious
1 month ago
There should be NO VALUE in a HEALTHCARE company other than the LIVES IT SAVES and people they treat. They are scum and should all be gotten rid of like the parasites they are.
Numerous_Front_9215
1 month ago
hmm today I will shoot a CEO with no authority in the company I am against! (does absolutely nothing and Amerilards forget the discussion a month later, the constant memoryhole of the outrage addiction)
CoughyChair
1 month ago
So if we used the simplest math possible to take Canadaโs social healthcare cost and extrapolate to what it would cost the US, itโs roughly about $3T?
StubbornHick
1 month ago
I wouldn’t use the Canadian healthcare system as a baseline for a good single payer system, the current government is laundering money to their friends instead of funding it.
It’s gone so far that they have started a medical assisted suicide program (it’s called MAID) and they’re bragging about how much healthcare money it’s saving.
They actively encourage people to do it. Veterans affairs has had a few scandals with it. It’s now the 6th most common cause of death in Canada.
jdevo713
1 month ago
Unfortunately this is just market fluctuations.
Last April the market cap for UNH was 70B bellow what it currently is and that was due to Bidenโs position on Medicare advantage rates.
imunfair
1 month ago
>lost more than what it costs CANADA to fund its universal healthcare
This is the same as the “tax the billionaires into the ground” argument. Yeah you can destroy one 40 year old company to fund healthcare for a year, but you don’t have an inexhaustible supply of money to steal and once you run out you’re going to steal it from the taxpayer, like Canada does.
UnitedHealthCare was 15-16% of the market, which means the entire market is only 6-7 of those, not 40, which means the “inefficiency” *potentially* reclaimed by destroying the middleman leaves 85% of the Canadian spending left to fund.
AND that’s for 40 million people, the US has 335 million, which means really you only have a whopping ***2%*** of socialized healthcare costs paid for if the US scales the same way Canada does. Although realistically we’re incredibly inefficient so it’s probably less.
So congrats, full circle, paying 98% of socialized medicine costs from the taxpayer pocket after maximum potential gains from destroying the former insurance industry. And it isn’t guaranteed savings, and you just unemployed a ton of people in the process.
*Edit: sorry one miscalculation – that $63b is a smaller percentage of UNH market cap than you’d think from the tweet, so the taxpayer would be on the hook for more like 85% minimum, not 98%.*
Medium_Sized_Brow
1 month ago
Their stock price went down based on the news, but their cash flow is still up. In reality, the dip is most likely due to them lowering their targets since, at this point, it’ll be hard to make insurance even more expensive, so they are expecting a cool down on growth.
This assassination, while culturally relevant, will unfortunately probably do nothing in the long run to affect UNH and if they continue to downslide, it’s most likely the situation all insurance companies are slowly putting themselves in.
How do you charge more and get more profit when people are starting to just die rather than receive care?
But to answer your questions, his math is not even realistic.
awesomedan24
1 month ago
Their stock (UNH) has been recovering steadily over the past few weeks, probably gonna go back up to 600 once the Luigi story dies down more.
The death of one guy is not gonna fundamentally change their business, its not like he was the Steve Jobs of healthcare. They’ll replace him with another corporate drone and continue to harvest billions off the backs of sick and dying poor people.
buttscratcher3k
1 month ago
It’s actually recovered most of those losses, was only down like 10% a few days ago… Crazy how little effect that had despite capturing the entire world’s attention
In general it’s revenue is up, financials look decent and will probably go on to make a full recovery. People will forget this thing happened and the system will continue being rigged against the poors.
sittty
1 month ago
This is rage bait for the uninformed.
On their earnings call, they said they increased profits by ~8% from last year.
Record setting profits, but UHC wants you to think โpoor us, look how much weโre strugglingโ
Auirex
1 month ago
Listen I have an even better service. For $29.99 I can give you the gist of the the Canadian healthcare system. So the way this works is you tell me what your symptoms are and I send you the LowTierGod clip.
Current market cap is 479.23 billionย USD. Lost 14.96% since the assasination. 479.23/0.8504=563,53 B, so they lost 84.3B.
According to google, Canada’s annual healthcare spending is **$372 billion**.
As always, there’s a misconception when stocks prices go down. The company isn’t really loosing money, the investors are losing value on their investment. The company is still running and receiving cash flow. Yeah, probably the cash flow is being negatively affected, but it’s nowhere near what the collective stock price is suggesting.
The actual number appears to be ~27.47 billion (505.81 billion on December 6th (he died on December 4th but close enough) – 478.34 billion today). [https://companiesmarketcap.com/united-health/marketcap/](https://companiesmarketcap.com/united-health/marketcap/)
The Canadian healthcare system spends 344 billion dollars annually with 70 percent of that spending coming from taxes according to the Canadian Medical Association so the government (provincial and federal) spends approximately 240.8 billion every year. [https://www.cma.ca/how-health-care-funded-canada](https://www.cma.ca/how-health-care-funded-canada)
So no.
BTW this post doesn’t make sense because the market cap reflects the total present value of the company’s future profits so why is being compared to the annual expenditure of a country?
You can’t really compare market cap with yearly expenses (thats what i assume they mean here). The same way you can’t really compare market cap with gdp.
These sorts of tweets purposely exploit financially illiterate people.
On Sunday, Trump’s shitcoin that he released like two days earlier lost over 50% of its insane “value”. A handful of ~~investors~~ gamblers might have lost a lot of money panic selling but Trump didn’t lose anything.
No, the **owners** of UHC stock lost that much. The largest owners are Vanguard, Blackrock etc. so it’s really your pensions that have lost money.
Who exactly is โtheyโ here? Who is bragging about it saving money, and who is encouraging people to use it?
The fact that there were scandals was entirely because a handful of employees appear to have done so without any authorization, resulting in immediate outrage. How does that translate into it being some systemic action?
US/territory citizens with UNH: 60m
Entire Canadian population: 40m
US heathcare system is busted but scaling issues are never taken into account for dumb comparisons like this. Canada is over 8x smaller which needless to say much easier to coordinate universal care. Also heโs being deceitful in the wording because heโs not qualifying that the 63b was just for healthcare costs since Thomson was killed. Itโs costs Canada something like 250-300b a year
As others have pointed out, the math is not mathing. But even more importantly, none of this is going to help drive down health care prices.
False. This post makes the absolute rookie mistake of equating a stock price with real world profits and losses. United Health Group is a profitable company that is continuing its normal business, regardless of where the stock price is.
People not understanding the difference between value and actual cash leads them to believe a lot of things that are just flat out wrong.
If you dissolved all of UHN’s assets $300B you could find the Canadian healthcare system for one year. $300B But then what about next year. Comparing market cap to costs makes even less sense. You can do whatever math you want, but what is the point?
There should be NO VALUE in a HEALTHCARE company other than the LIVES IT SAVES and people they treat. They are scum and should all be gotten rid of like the parasites they are.
hmm today I will shoot a CEO with no authority in the company I am against! (does absolutely nothing and Amerilards forget the discussion a month later, the constant memoryhole of the outrage addiction)
So if we used the simplest math possible to take Canadaโs social healthcare cost and extrapolate to what it would cost the US, itโs roughly about $3T?
I wouldn’t use the Canadian healthcare system as a baseline for a good single payer system, the current government is laundering money to their friends instead of funding it.
It’s gone so far that they have started a medical assisted suicide program (it’s called MAID) and they’re bragging about how much healthcare money it’s saving.
They actively encourage people to do it. Veterans affairs has had a few scandals with it. It’s now the 6th most common cause of death in Canada.
Unfortunately this is just market fluctuations.
Last April the market cap for UNH was 70B bellow what it currently is and that was due to Bidenโs position on Medicare advantage rates.
>lost more than what it costs CANADA to fund its universal healthcare
This is the same as the “tax the billionaires into the ground” argument. Yeah you can destroy one 40 year old company to fund healthcare for a year, but you don’t have an inexhaustible supply of money to steal and once you run out you’re going to steal it from the taxpayer, like Canada does.
UnitedHealthCare was 15-16% of the market, which means the entire market is only 6-7 of those, not 40, which means the “inefficiency” *potentially* reclaimed by destroying the middleman leaves 85% of the Canadian spending left to fund.
AND that’s for 40 million people, the US has 335 million, which means really you only have a whopping ***2%*** of socialized healthcare costs paid for if the US scales the same way Canada does. Although realistically we’re incredibly inefficient so it’s probably less.
So congrats, full circle, paying 98% of socialized medicine costs from the taxpayer pocket after maximum potential gains from destroying the former insurance industry. And it isn’t guaranteed savings, and you just unemployed a ton of people in the process.
*Edit: sorry one miscalculation – that $63b is a smaller percentage of UNH market cap than you’d think from the tweet, so the taxpayer would be on the hook for more like 85% minimum, not 98%.*
Their stock price went down based on the news, but their cash flow is still up. In reality, the dip is most likely due to them lowering their targets since, at this point, it’ll be hard to make insurance even more expensive, so they are expecting a cool down on growth.
This assassination, while culturally relevant, will unfortunately probably do nothing in the long run to affect UNH and if they continue to downslide, it’s most likely the situation all insurance companies are slowly putting themselves in.
How do you charge more and get more profit when people are starting to just die rather than receive care?
But to answer your questions, his math is not even realistic.
Their stock (UNH) has been recovering steadily over the past few weeks, probably gonna go back up to 600 once the Luigi story dies down more.
The death of one guy is not gonna fundamentally change their business, its not like he was the Steve Jobs of healthcare. They’ll replace him with another corporate drone and continue to harvest billions off the backs of sick and dying poor people.
It’s actually recovered most of those losses, was only down like 10% a few days ago… Crazy how little effect that had despite capturing the entire world’s attention
In general it’s revenue is up, financials look decent and will probably go on to make a full recovery. People will forget this thing happened and the system will continue being rigged against the poors.
This is rage bait for the uninformed.
On their earnings call, they said they increased profits by ~8% from last year.
Record setting profits, but UHC wants you to think โpoor us, look how much weโre strugglingโ
Listen I have an even better service. For $29.99 I can give you the gist of the the Canadian healthcare system. So the way this works is you tell me what your symptoms are and I send you the LowTierGod clip.