The proposal asks UnitedHealth Group to prepare reports on the “public health-related costs and macroeconomic risks created by the company’s practices that limit or delay access to healthcare”.
The proposal, filed by members of the Interfaith Center on Corporate Responsibility (ICCR), represents a new frontier in seeking to hold insurance companies accountable for the “macroeconomic costs” of denied care – arguing they eventually hurt the bottom line of large investors.
In a filing with the Securities and Exchange Commission in January, UnitedHealth Group attempted to exclude the proposal from proxy statements on technical grounds, arguing in part that the terms “public-health related costs” and “macroeconomic risks” are vague and subject to interpretation.
UnitedHealth Group is attempting to swat down a non-binding shareholder proposal that asked the company to prepare reports on the costs of delayed and denied healthcare.
UnitedHealth Group is the 19th-largest company in the world by market capitalization, the largest US health insurer and the largest US employer of doctors.
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