UNITED HEALTHCARE: Thoughts and Opinions.

Let’s talk $UNH. This name can’t seem to catch a break. CEO Murders, investigations, lawsuits and a stock price that’s getting destroyed. Here’s my take on the current United Healthcare situation.

RUNDOWN (Last 6 months)

It’s been nothing short of a perfect storm for UnitedHealth. I think everything really started unraveling after the tragic murder of their CEO back in February. I don’t want to dive too deep into that because there are a lot of very strong opinions online—but it undeniably put a massive spotlight on the company. From there, it’s been one hit after another.

Not long after, their newly appointed CEO—who was supposed to bring stability—ended up stepping down. That shook confidence even more. Then came the lawsuits. The chatter around antitrust issues and deceiving shareholders started heating up, and rumors of DOJ investigations haven’t helped at all. The narrative flipped fast—from “stable blue-chip healthcare” to “risk-laden corporate mess.”

And it’s all showing in the price. $UNH is down roughly 45% YTD. That’s unheard of for a name that was considered a cornerstone in so many portfolios. Investors are spooked, and for good reason—it’s been a perfect storm of leadership chaos, legal risk, and a growing lack of confidence.

((THREAD)) DOJ Investigation Rumors: The Latest Blow

Just yesterday, UnitedHealth $UNH faced another significant setback. The Wall Street Journal reported that the Department of Justice is conducting a criminal investigation into the company’s Medicare Advantage billing practices. UnitedHealth responded by stating it has not been notified of any such investigation and stands by the integrity of its Medicare Advantage program .

The specifics of the alleged investigation remain unclear. This ambiguity has led to speculation: it could be an unfounded rumor, or perhaps the DOJ is keeping details confidential at this stage. Regardless, the market reacted swiftly—$UNH shares dropped approximately 8% in after-hours trading following the report .

My Take: Potential Implications

In my view, this development could have profound implications for UnitedHealth. (Obviously I mean that goes without saying). But I want to show you exactly how profound.

The Medicare Advantage program is a cornerstone of the company’s business. In 2024, UnitedHealthcare generated $298.4 billion in revenue, accounting for approximately 74.6% of UnitedHealth Group’s total revenue of $400.3 billion. Within this, the Medicare Advantage segment is particularly significant, with UnitedHealthcare enrolling 9.4 million members in 2024, representing about 29% of the total eligible Medicare population.

Any criminal investigation into its billing practices could erode trust among customers and investors alike. If the allegations hold merit, it might lead to regulatory penalties, loss of contracts, or stricter oversight, all of which could impact the company’s financial health and reputation.

Moreover, in an industry where trust is paramount, even the perception of wrongdoing can be damaging. Customers may begin to question the company’s practices, potentially leading to a decline in enrollments or increased scrutiny from partners and regulators. I mean it’s business practice 101. If your customers can’t trust you, they won’t use you.

Why I’m Bearish on $SOFI …

Retail loves it. Fintech hype surrounds it. But I see red flags all over the balance sheet, business model, and growth narrative.

This isn’t just a contrarian take—it’s a closer look at what the bulls are ignoring.
Let’s break it down:

[Thread] 1. SoFi’s “Innovation” Problem Is Killing UX

SoFi positions itself as a modern finance platform—but its product shows zero breakout features and even less evolution.

Let’s talk facts:

•SoFi spent $460M acquiring Galileo in 2020 (its API/payments backbone) but hasn’t used it to launch anything revolutionary since. Meanwhile, Chime and Cash App are pushing into real-time payments, AI budgeting, and crypto integration.

•In 2023, SoFi ranked #9 in U.S. neobank app downloads, behind not just Chime and Cash App—but even Credit Karma and Venmo. You don’t lag behind tax and peer-to-peer apps if your UX is “disruptive.”

•Their supposed “all-in-one” experience actually spreads resources thin. The result? A jack-of-all-trades, master-of-none platform where users prefer best-in-class apps for investing, credit, or banking.

And yes—user feedback backs this up. Complaints about glitchy interfaces, card delays, poor alerts, and slow in-app responses are widespread on Reddit and Trustpilot.

If SoFi can’t innovate its core experience, how is it supposed to retain users long-term—let alone grow them profitably?