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UnitedHealth Group‘s stock sank 20% on Thursday after the company slashed its annual profit forecast, citing higher-than-expected medical costs in its privately run Medicare plans. Those bleak results from a health-care giant seen as the insurance industry’s bellwether could be a warning sign for other companies with so-called Medicare Advantage plans, according to some Wall…
UnitedHealth CEO Andrew Witty testifies before the Senate Finance Committee on Capitol Hill in Washington, May 1, 2024. Kent Nishimura | Getty Images Following the massive cyberattack on UnitedHealth Group’s Change Healthcare unit last year, the company launched a temporary funding assistance program to help medical practices with their short-term cash flow needs, offering no-interest…
Luigi Mangione, the suspect in the killing of UnitedHealth Group chief executive Brian Thompson, appears in Manhattan Supreme Court on New York state murder and terrorism charges in New York City, U.S., Feb. 21, 2025. Steven Hirsch | Via Reuters Lawyer for Luigi Mangione on Friday asked a federal judge in New York to block…
The targeted killing of UnitedHealthcare CEO Brian Thompson in December became a turning point in the public’s growing frustration with the health insurance industry. People began sharing stories online about how insurers denied them coverage, upending their lives. “In the aftermath of the killing of the CEO of UnitedHealthcare, we have seen a nationwide conversation…
A general view outside the United Healthcare corporate headquarters on December 4, 2024 in Minnetonka, Minnesota. Stephen Maturen | Getty Images UnitedHealthcare is offering certain employees in its benefits operations unit the option to accept buyouts if they quit by March 3, following a tumultuous year for the insurance giant, CNBC has learned. Those who…
The CVS pharmacy logo is displayed on a sign above a CVS Health Corp. store in Las Vegas, Nevada, on Feb. 7, 2024. Patrick T. Fallon | AFP | Getty Images After a dismal 2024, CVS Health could be starting to turn itself around. Some investors seem convinced, especially after the retail drugstore chain on…
The health care sector is poised to see a rebound and lead the market this year, according to Strategas analysts, in part because some of the biggest players in the market have been beaten down by regulatory concerns over the last two years. “Health care’s weight in the S & P is at its lowest…
UnitedHealthcare (UHC) health insurance company signage is displayed on an office building in Phoenix, Arizona on July 19, 2023. Patrick T. Fallon | Afp | Getty Images UnitedHealthcare on Thursday tapped company veteran Tim Noel as its new CEO following the targeted killing of its former top executive, Brian Thompson, in Manhattan in December. Noel…
UnitedHealth Group reported on Thursday that it earned less than expected this past quarter, citing higher medical costs and pressure on its insurance division at a time when the company is still reeling from the shocking murder of a top executive last month. Revenues for UnitedHealth Group amounted to $100.8 billion for the fourth quarter,…
Suspected shooter Luigi Mangione is led from the Blair County Courthouse after an extradition hearing December 10, 2024 in Hollidaysburg, Pennsylvania. Jeff Swensen | Getty Images Federal prosecutors are looking into whether to charge Luigi Mangione, the suspect in the killing of United Healthcare’s CEO, two sources familiar with the matter told NBC News on…
