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UnitedHealth Group - A healthy investment?
UnitedHealth Group (UNH) is involved in what I would consider one of the more complex industries in the country and what has to be one of the more essential products we all need -- health insurance. With the ballooning costs of health care services, government regulation and a moral duty to decide if a procedure or treatment is necessary, and bottom line to the health insurers, is it worth the cost? As an example of this dilemma, I saw a premature baby born with a host of medical problems recently and in a short time the $1 million dollar cap on the insurance policy had been exhausted and the child was still in the hospital. So, the parents can't pay and the insurance policy limit is tapped out and won't pay anymore and the child is still sick and in the hospital. What now?
This is going to be the problem if and when we have a national health care program. When do you make the decision to stop the care for an individual and in effect pull the plug. The government now has almost no limit on what they will spend on each individual person. Is someone in a coma for years worthy of the cost to keep them alive when there is no hope they will ever come out of the coma? Is a premature baby worth millions of dollars in treatment when they may pass on anyway? Does anyone want some fat cat deciding whether their child is worth the cost that may be incurred? It's just a bad situation.
A national health care program will be a disaster in my opinion.
Find out why and what that means for investing in health care insurers when you continue reading...
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