It's not like UnitedHealthcare needed any more bad news. First they and their Ingenix software division get the business-headline perp walk in New York Attorney General's investigation of the intentional skewing of "usual and customary" fee calculations that govern millions of Americans' out-of-network payments. Then some uppity blogger points out that Cuomo planted his flag a the top of a very hefty deductible-sinking iceberg.
Then, adding insult to inquiry, they flat out lose a national popularity contest among hospital administrators. And they didn't lose by a little -- they doubled the score of their nearest competitor, Wellpoint.
Orangemen Take Football, Go Home
You'd think today's story would just be a minor piling-on thing, to look at it. Everybody wants to smack the gorilla when he's down, right? So, the lost business represented by University Hospital's decision to leave the UHC provider network over $1.5 billion in unpaid bills (okay, that's per the hospital's account, so I should say "allegedly unpaid bills" -- but why don't we ever read such disclaimers when the payers shout about the billions in fraud and abuse, when "abuse" is being determined unilaterally by the payers themselves? I digress.)
Other than the fact that I was born in or near that hospital (I was quite young at the time and haven't been able to follow the institutional mergers and acquisitions in the years since), this wouldn't have been much of a blip on my radar.
Why Let Readers Comment, Anyway?
But then alert reader Cyndee Weston, Executive Director of the American Medical Billing Association, sent me a note suggesting I read the story. And right under the press account, I found a comment from someone who had found a smoking gun tying presidential candidate Hillary Clinton to UHC.
When campaign finance reports first started coming out, I wasn't too thrilled to hear that Hillary was accepting campaign donations from the insurance industry in disproportionate measure to the other candidates. Remember, though, that not all health care insurers are against universal care, and we at HITTG think that's the number one priority. So, I thought I'd judge her health care policy on its merits first, then dig for skeletons in her closet before I rendered judgment on the accusations that she was sleeping with the enemy.
I didn't realized she was the enemy.
Mathlete to the Line
According to the report she filed last June 15, and published at opensecrets.org, Ms. Clinton owns some stock in UnitedHealth Group, parent to UHC and Ingenix. I'm no accountant, nor am I a political snooper of much acumen, but the way I read page 38 of that report it looks like she checked the box under "Assets" in the $100,000 - $250,000 column, and the box under "Income" in the $50-100,000 with a "CG." Now, that CG looks like it might be referring to Capital Gains. So if the capital gain was at least $50,000 during the period covered by the report, then somebody with better financial brains than I have might be able to say whether that spread is closer to $100,000 than $250,000.
Can We Make Those Numbers Look A Little Better?
But for the sake of fairness, let's suggest it's right at the bottom and say, as far as we know, she owns merely $100,000 in UHG stock. Heck, that's just 20 years worth of deductibles for a family on a HDHP plan. Or, if you use a customized database to adjust the patient's payments, you can boost that $5K deductible to as much as $12,987 and whittle that down to a mere 7.7 years of deductibles (that's $100,000 divided by the $12,987 a family would actually have to pay to satisfy their annual deductible, using our proprietary U&HC deductible-skewing engine. Change the deductible amount from $2000 to $5000 when that spreadsheet loads and watch the magic happen!).
There's Nothing to See Here, Mister
So, when you do the math just right, she really only owns about 8 families-worth of unpaid claims, in the what hospitals say is the worst healthcare payer in the country. (Hey, don't shoot the messenger! I love UHC!). And that's only if someone in the family gets really, really sick. What kind of story is that?
No story, really. But where she got the stock? That might be a story.
Luckily, this is a healthcare IT blog, and we don't do politics. The one time we tried, it really came out badly.
What's that? I seem to have some overdue editorial on curing the systemic economic failure that drives up healthcare costs. That's more up my alley than tracing individual money trails.
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