Comment on BlackRock is Suing UnitedHealth for Giving “Too Much Care” to Patients After the CEO was Murdered
finitebanjo@lemmy.world 4 weeks agoTechnically, according to the source of the article above, BlackRock is actually suing UnitedHealth over stock price manipulation and that it’s earnings forecast did not disclose that they would be denying patients at a higher rate than competitors in order to meet its goal.
In other words, they’re suing UHC for denying too many people.
Gradually_Adjusting@lemmy.world 4 weeks ago
Let’s not conflate a legal rationale with a true motivation.
finitebanjo@lemmy.world 4 weeks ago
The premise of the lawsuit is literally the opposite of what the users here claimed was the premise of the lawsuit. If you wanted to insult Black Rock CEO and be honest you could just say he is suing them for not telling them about the denial rates and that he would have been fine if they had in fact told him.
Their true motive is to punish people who inflated their stock price with unachievable forecasts, thereby receiving monetary compensation. They couldn’t be more opaque about it if they tried.
Gradually_Adjusting@lemmy.world 4 weeks ago
Did you respond to the wrong person or something? I didn’t say shit about that
finitebanjo@lemmy.world 4 weeks ago
We were discussing how the lawsuit does or does not differ from their motivations.