Friday, March 09, 2007

United Healthcare Takes One on the Chin in New Jersey

Well, it seems that it has been some time since I have been inspired to blog philosophic about anything. But after reading something which I had been informed about a few days ago it has now made the Business Section of The Record of Hackensack so it must be true. Let’s talk about how life is becoming a real bitch for the bitches at United Healthcare.

I still maintain that if United Healthcare doesn’t stop the shit that they have been dishing up to the medical professionals who serve the healthcare needs of the community that United Healthcare is destined to find itself on the outside looking in. But that is on their shoulders. Let them figure that one out for themselves.

Quest Diagnostics has gone to the New Jersey State Legislature seeking a positive solution for the current crises which is being created by some filthy rats who think that United Healthcare is the be-all-and–end-all of the medical community. Their arrogance in thinking that they can issue a fine in any dollar amount to any medical practitioner is being met with stiff opposition in New Jersey.

Every other State Legislator throughout these United States worth his or her salt should follow in the footsteps of the New Jersey State Legislator and pick up this banner in protecting the rights of the medical community to decide whom they choose to utilize as a primary diagnostic services provider.

Such decision should not ever be left to the whim of some “mafia life” big wig to play with such an important industry as if it were an unrepentant child’s toy. I only wish that I had become a doctor so that I could have the opportunity to spit in the eye of the executives of United Healthcare for their now failing attempt to strong arm the entire medical community.

It is the medical professional who is responsible for the health and welfare of the people. The only purpose served by the executives at certain power hungry health maintenance organizations is to sit at a desk looking at piles of money while masturbating. Those executives serve no other purpose in life. Such greedy individuals are leeches and blight on the community.

That being said I would like to take a moment to address an issue which was touched on in the newspaper article referred to above. As reported it seems that the matter of Quest Diagnostics no longer being the in network provider to United Healthcare as that contract is now the venue of Laboratory Corporation of America has had a significant and lasting effect on the price of stock of Quest Diagnostics.

The price of the stock of Quest Diagnostics [DGX] as that article stated the drop in price of 18% in one day and has not since then recovered. All that I can say to that is Quest Diagnostics C.E.O. Surya Mohapatra and his highly qualified executive team is in the process of expanding the company on an international level in the fashion of the recent HemoCue accusation.

By way of identification and investing in advancements in cutting edge technology and global insights in the field of medicine and information technology Quest Diagnostics is intent on becoming a $10,000,000,000.00 (that’s ten billion) company in the next few years. I believe that the target date I had read about regarding that issue was 2010.

So, since it seems that investors still haven’t gotten the message I just want to set the record right. That message is that the United Healthcare issue, though disappointing, is not all that big of a deal. It is nothing more than a speed bump in the road. It is a speed bump which, as you now know, has now been made a little lower in New Jersey. Hopefully the rest of the States will follow the lead of New Jersey.

The entire Quest Diagnostics community has pulled together in the usual family fashion in order to keep the company strong. With the current leadership team in place and a highly motivated and dedicated workforce within a company that is strategically positioned throughout the marketplace one would have to wonder why this companies stock is so undervalued.

It should not be long until the message gets out that the stock listed as DGX is the shining city on the mountaintop. So it would seem that if you have a few bucks laying around collecting dust that you should pick it up and just close you eyes, click the heels of the ruby red slippers together and repeat after me, “there’s no place like DGX, there’s no place like DGX, there’s no place like DGX.” Now go invest in DGX.

And before you know it you’ll be back in Kansas Dorothy.
Snake Oil Sam
Snake Oil Sam Internet Media Publishing © 2007
Contact Snake Oil Sam

Supplement: One of the problems with desktop publishing is that in a rush to rant one sometimes tends to get things said in personal conversation confused with facts. Such is the case with this article. I must admit that I misspoke when making reference to the New Jersey State Legislature.

After reading Bruce Friedman’s article at
Lab Soft News and re-reading the article in The Record I see that the issue was in fact addressed by the New Jersey Department of Banking and Insurance. Still, as it is the controlling agency in this matter it still represents a significant blow to the attempt by United Healthcare to strong-arm a very important industry.

I hope that agencies in all states follow the lead of New Jersey and the New Jersey Department of Banking and Insurance.


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