Health Care Inc.: UnitedHealth crash, mandatory Medicare models

Bob Herman covers health insurance, government programs, hospitals, physicians, and other providers — reporting on how money influences those businesses and shapes what we all pay for care. He is also the author of the Health Care Inc. newsletter. You can reach Bob on Signal at bobjherman.09.

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A tick-tock of the 2025 UnitedHealth crash

The past month has been a disastrous chain of events for UnitedHealth Group — which up until recently was a beloved stock on Wall Street. One event has snowballed into the next, resulting in more than half of the company’s entire market value ($266 billion) evaporating over the past 30 days. 

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