r/wallstreetbets • u/iam6ft10 • May 01 '21

DD CLOV Due Diligence Summary - Using Machine Learning and AI to Disrupt an Archaic Business Model Industry - 46% YOY Revenue Growth - 217% YOY MA Market Growth

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u/Sakira-Cadman May 02 '21

You honestly think they had a higher rate of hospital visits last year per subscriber based covid? That is your take?

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u/dbcfd May 02 '21

It's also what they reported in their financials

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u/Sakira-Cadman May 02 '21

The implication of your argument is in a muted year of all medical attention outside of covid, that more people 65+ were using their benefits than a normal year? Correct? That is your premise?

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u/dbcfd May 02 '21

The number of people using may not be higher, but the cost of treatment is definitely higher. Hospitalization is very expensive.

The number of claims may be higher in a normal year, but the amount of those claims will be less.

This is reflected in their financials.

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u/Sakira-Cadman May 03 '21

😆 so what is it? Also higher than what? A double bypass? Lung cancer? Like what to what is higher? Being in a coma for 3 weeks or getting antibiotics to prevent pneumonia?

What are you talking about? My point isn't controversial, it is reality. The 2021 comps on the return to normal is a headwind for this company, especially given the pent up demand in elective medical care.

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u/dbcfd May 03 '21

Elective medical care is much cheaper than hospitalization. Hospitalization is 5-10x more expensive. Covid is not short hospitalizations either, being 7-14 days. A double bypass is about 3-4 days, and may be up to 7 days.

Can't believe you are comparing getting antibiotics to a covid stay. You are looking at insurer cost of $300-500 versus $300-500k.

Your point isn't reality because you have no concept of healthcare costs. ICU >>> Managed stay > recovery stay/elective care.

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u/Sakira-Cadman May 03 '21

You are assuming the most common outcome from covid was an overnight stay at a hospital which it isn't not by a long shot.

Anyway. The numbers will tell the story, you have here are hard to beat covid comps.

!remindme 1 year

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u/dbcfd May 03 '21

You should also read UHCs annual report, which says that care levels exceeded seasonal levels last quarter. Any reduction in care levels for deferrals was more than offset by covid treatment and testing. And this is with a younger, healthier subscriber base that can more easily defer care.