UnitedHealth: A Bit of a Mess, Actually

And then, Stephen Hemsley reappeared. Like a slightly exasperated parent returning to clean up a mess. He was the architect of their whole vertical integration thing, apparently. Which sounds…complicated. But the idea is, they own everything – the insurance, the care delivery, even the pharmacies. It’s supposed to be a moat. A very expensive, heavily guarded moat.





