October 26, 2023
From the Desk of Keith Lemer,
CEO of WellNet Healthcare
Stay with me // 3-minute read.
Growth at the (massive) expense of organizations & their people.
Stock increases comparable to Apple.
Why have they made so much money, and how does this impact you?
- Last week, two major things caught my eye. The first being a chart inside The Wall Street Journal highlighting ‘Group Health Insurances’ Biggest Increase in More Than a Decade’
- The second, a piece from Dr. Eric Bricker that sparked a fire on our end – and helped us broaden the scope of the conversation – to highlight the applicable challenges you, your business, and your people are facing.
I ask you to consider this:
- We all know that stocks and publicly traded health insurance carriers have been one of the best-performing asset classes in financial markets in recent years.
- But is all this growth coming at the expense of companies that provide and pay for most of the health insurance expenses for their people?
- If you have invested in health insurance company stocks over the past decade, lucky you.
- You’ve probably made a nice return – considering United Health Group’s stock price has risen from $32 to over $500 per share.
- That’s a 26% growth rate per year – the same as Apple (the most valuable company in the world) and more than twice the overall market rate.