this post was submitted on 13 May 2025
489 points (99.4% liked)

News

29371 readers
4258 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS
 

UnitedHealth Group announced a new chief executive Tuesday, a sudden and surprising change following the fatal shooting in December of its UnitedHealthcare subsidiary's leader.

Andrew Witty stepped down from leading UnitedHealth for unspecified “personal reasons,” the company said. Stephen J. Hemsley, who served as chief executive from 2006 to 2017, will return to the role and remain board chairman. Witty will serve as a senior adviser to Hemsley, the company said in a news release. 

UnitedHealth has been the focus of sharp criticism over the health insurance industry's practices and has seen its stock plummet in the past year. The Justice Department has investigated its business activities.

you are viewing a single comment's thread
view the rest of the comments
[–] Critical_Thinker@lemm.ee 8 points 18 hours ago

Just to tack onto this... it's possible that we will see different branded drugs, and perhaps even slightly modified drugs to contain effectively a placebo to go through clinical trials concurrently with the primary drug. From there they just release one drug in the US and the other drug exclusively everywhere else.

That's just one creative way to keep prices exorbitantly high. They can also target medical devices aka the delivery mechanism (think pre-packaged syringes) to try and keep profits high. Just release a US only delivery mechanism and suddenly it's different than the rest of the world. I've worked at companies that slightly altered the injector of their drugs to keep their monopoly going, as doctors preferred the improved injector that had no generic due to being in copyright, even after the drug patent expired.

The pharma lobby is so wealthy and powerful though I sincerely doubt even dumpy can fight them. There's a reason why biden started with just a handful of drugs, it built a foundation to slowly drain their profits while their current patents run out and they adapt to the new dynamic.

There's also all those health insurance companies that legally can only profit a % of overall revenue that will face severe profit cuts if treatment costs actually dive, drugs are a key component to building a sizable margin today.___