1 Monster Medical Malpractice Verdict

In this video, health-care analyst David Williamson discusses a recent court ruling that went against UnitedHealth Group (NYSE: UNH  ) to the tune of $500 million in punitive damages. Watch and find out how the nation's largest publicly traded health insurer paid the price for a Nevada doctor blamed for putting upwards of 50,000 patients at risk for blood-borne diseases, and what it means for investors of UnitedHealth.

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  • Report this Comment On April 15, 2013, at 9:37 AM, tomato212 wrote:

    Unitedhealth deserves to go bankrupt. I had their "coverage" for almost a decade and never needed them until my daughter was born with a disease called PKU. The state law in Colorado required coverage for this disease, but because all of Colorado is "self-insured" UH choose not to cover my daughter quoting ERISA (an act from the '70s which let them off the hook). Without treatment victims of PKU become severely mentally retarded. C-Chip provided care but restricted our income to $23,000 a year from what we were making about $100,000. We now live in Europe and are waiting for 2016 to see what happens. Sometime around the '90s insurance stopped being insurance and just became scam that the purchaser only discovers when he/she needs it. Until health care is truly fixed all Americans are building their houses on sand--just wait till someone you loves gets a disease you and your insurance company never heard of.

  • Report this Comment On April 15, 2013, at 10:09 AM, Riggerwo wrote:

    Health care in American is a national scandal...it is not really health care..more like disease management....get us all on their pills...and a constant flow of cash.....Big Pharma is the problem..so any company that gets hit brings a smile to my face...because they deserve it.....

  • Report this Comment On April 15, 2013, at 11:36 AM, GT6 wrote:

    500 million sounds like an excessive amount until to realize it's only $10,000 per victim.

  • Report this Comment On April 15, 2013, at 12:36 PM, Insured2 wrote:

    Interesting...I have been dealing with United Health Care for the last 4 months. What a WASTE of my money. I had their individual health insurance for almost a decade with no claims or missed payments. They raise my premium one year by 50%. I call to inquire why....no one can find my policy, the customer service agents are rude, etc.

    I finally report United Health Care to the Insurance Commissioner of my state...United Health Care responds that I am insured (and they value my business) but my age caused the 50% increase (40?).

    A few weeks later I am sent a letter from United Health Care that I will be canceled by the end of the year stating that they have ceased insuring "some" people in my state.

    Why did I fall under the cancellation criteria?

    Guess what? I tried to call back and they can't find my policy! So I track down the president who signed the letter and leave a message at an office dealing with health care related issues where he serves as a board member. Took awhile for them to call me back (believe they were convinced I am crazy. You would be to if your insurance company couldn't find you).

    Of course, I received my monthly bill from United Health Care no problem.

    After months of paperwork, certified letters, contacting several attorneys, etc. I am given a polite call by a woman who explained "a letter is coming in the mail to tell me why I am being canceled....oh....and by the way....you must have entered the wrong extension when you called....that is why no one can find your policy."

    Right? O.k. Yeah....I must have done that.

    Looking back on it, I always felt my health insurance policy was too good to be true with United Health Care. I would tell my boyfriend as I sent off the payment "I feel like I'm paying into something that is like a scam."

    Thank goodness I never needed it. I feel terrible for those who've been denied.

    My insurance will terminate with United Health Care in December 2013. Possibly, it's a blessing.

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