Every three months, America's chief executives are forced to face investors and analysts, and sometimes their comments get more attention than they probably bargained for. Welcome to earnings season. The latest edition of talking-point-gone-wrong came this morning from UnitedHealth Group. The health insurer actually had strong earnings to discuss during its conference call, but that all took a backseat once CEO David Wichmann decided to address the brewing debate over Medicare for All:
The wholesale disruption of American health care being discussed in some of these proposals would surely jeopardize the relationship people have with their doctors, destabilize the nation's health system, and limit the ability of clinicians to practice medicine at their best. And the inherent cost burden would surely have a severe impact on the economy and jobs, all without fundamentally increasing access to care. [emphasis mine].
Is this what everyone really wants?