UnitedHealth, Coinbase, & Meta Bonuses 2/21/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 21 February 2025

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

UnitedHealth stock fell on a Wall Street Journal report that the DOJ is investigating the insurer’s Medicare billing protocol. Former FDA Commissioner Dr. Scott Gottlieb explains the nuances of the health insurance system, and he considers how the Trump administration will handle rising cases of bird flu. And big news from Coinbase: CEO Brian Armstrong says the SEC will drop its case against the company. Armstrong explains his approach to regulation in a new administration, the future of memecoins, and the merit in prediction markets. CNBC’s Robert Frank discusses the IRS plan to cut 6% of its workforce. Plus, Meta has approved a plan for bigger bonuses for some executives. Robert Frank - 10:23 Dr. Scott Gottlieb - 18:40 Brian Armstrong - 32:57 In this episode: Robert Frank, @robtfrank Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:04.3	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Today on Squawk Pod.
0:10.1	Markets reacting to an investigation into $460 billion giant United Healthcare.
0:16.7	It's a doozy.
0:18.5	About the company's Medicare billing practices, former FDA head, Dr. Scott Gottlieb.
0:23.6	There's an incentive in the program to get patients diagnosed and manage the healthcare patients more aggressively,
0:29.6	and they're paid for doing that.
0:31.6	And so, you know, health insurers have responded to that by implementing these systems that prompt physicians
0:36.6	to look for these diagnoses,
0:38.0	code for them and then bill for them.
0:41.0	And never mind, the SEC intends to drop a year's long lawsuit against Coinbase that attempted
0:46.0	to regulate the crypto platform like a stock exchange.
0:49.5	CEO Brian Armstrong joins us first on the news.
0:52.6	They're fully withdrawing the case, and so we're not changing anything about the business.
0:56.0	We're not paying a single dollar as a fine, which I believe is quite unprecedented in SEC history.
1:01.0	Plus, the latest in the alphabet soup of targets for Elon Musk's Department of Government Efficiency,
1:07.0	Trump and Musk versus the IRS.
1:10.0	These government layoffs, and the violins and the crocodile tears are out.
1:14.4	But the private sector does this all the time.
1:17.7	It's Friday, February 21st, SquawkPod begins right now.
1:23.3	Stand, Andrew, by in three, two, one, cue Andrew.
	...

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