UnitedHealth Group CEO Andrew Witty authored an op-ed calling for health care reform after his colleague, UnitedHealthcare CEO Brian Thompson, was murdered last week in a targeted attack on his way to the company's annual investor day in New York City. Witty's guest essay was published Friday in The New York Times, and he wrote that while he and his colleagues appreciate the "outpouring of support for Brian," who ran UnitedHealth Group's insurance division, they are also "struggling to make sense of this un ...

The chief executive officer of UnitedHealthcare’s parent company acknowledged in a New York Times op-ed on Friday that the “health system does not work as well as it should” while condemning the “vitriol” directed at the industry in the wake of the murder of CEO Brian Thompson.Andrew Witty, the British former pharmaceutical executive who has held the CEO position at UnitedHealth Group since February 2021, reacted on Friday to the deluge of social media posts celebrating the Dec. 4 killing of Thompson in Mid ...

Andrew Witty, CEO, UnitedHealth Group, testifies during the Senate Finance Committee hearing titled "Hacking America's Health Care: Assessing the Change Healthcare Cyber Attack and What's Next," in Dirksen building on Wednesday, May 1, 2024.UnitedHealth Group CEO Andrew Witty on Friday mourned the death of Brian Thompson, who led the company's insurance arm, and acknowledged that the U.S. healthcare system is "flawed" and in need of reform. "We know the health system does not work as well as it should, and ...

One of the most publicized stories of the year has been the murder of UnitedHealth Group (NYSE: UNH) medical insurance division CEO Brian Thompson.The executive was shot before an investor conference in midtown Manhattan on the morning of December 4. At present, Luigi Mangione, a 26-year-old data engineer is the prime suspect — having been arrested on December 9 after a tip from an Altoona McDonalds (NYSE: MCD) employee.  Following the arrest, the price of a UNH share was approximately $560, after a 2.39% m ...

Shares of companies owning pharmacy benefit managers fell on Wednesday after the introduction of a bipartisan bill that would force health insurers or drug middlemen to divest their pharmacy businesses.CVS Health’s Caremark, Cigna’s Express Scripts and UnitedHealth Group’s Optum control the majority of pharmacy benefit management (PBMs) in the US, while their parent companies also operate health insurance businesses.Shares of all three companies were down between 4.8% to 5.5% after the Wall Street Journal f ...

Shares of UnitedHealth Group (UNH -4.76%) were pulling back again today on reports that the Senate is working on a bill that would force health insurers like UnitedHealth to divest their pharmacy benefit managers (PBMs) within three years.As a result, the stock was trading down 5% at 11:44 a.m. ET. Other health insurance stocks, including Cigna and CVS Health, were down on the news as well. Regulators are comingThe bill, which was reported by The Wall Street Journal, appears to have bipartisan support, as i ...

UnitedHealth Group logo displayed on a laptop screen is seen in this illustration photo taken in ... [+] Krakow, Poland on February 22, 2024. (Photo by Jakub Porzycki/NurPhoto via Getty Images)NurPhoto via Getty ImagesWhen you deny care, you push people to their limit. While the motive for the shooting of Brian Thompson, the CEO of the UnitedHealth Group’s medical insurance segment, is unknown, the outrage on social media is clear. [1] UNH stock has taken an 8% hit in a week, amid the outrage. Notably, medi ...

UnitedHealth Group (NYSE: UNH), the parent company of UnitedHealthcare, has faced a significant stock price decline following the widely publicized fatal shooting of UnitedHealthcare CEO Brian Thompson. On Tuesday, December 10, UnitedHealth Group’s stock closed at $565.19, down 7.80% over the past five days, a $47.81 drop. In pre-market trading on Wednesday, the stock showed a slight decline of 0.64%, trading at $561.58.UNH stock price past 5-days. Source: Google FinanceInitially, the news of Thompson’s sho ...

Key TakeawaysBrian Thompson, a UnitedHealth Group executive, was fatally shot while in New York City for an investor conference, police said.Thompson has been CEO of the group's insurance division, UnitedHealthcare, since 2021, according to a company bio.Shares of UnitedHealth Group ticked higher Wednesday morning. UnitedHealthcare CEO Brian R. Thompson was fatally shot early Wednesday near a midtown Manhattan hotel where the insurance firm's parent company, UnitedHealth Group (UNH), was holding an investor ...

Key TakeawaysBrian Thompson, a UnitedHealth Group executive, was fatally shot while in New York City for an investor conference, according to widespread reports.Thompson has been CEO of the group's insurance division, UnitedHealthcare, since 2021, according to a company bio.Shares of UnitedHealth Group ticked higher Wednesday morning. A UnitedHealth Group (UNH) executive was fatally shot Wednesday in midtown Manhattan near the site of an investor conference held by the health insurance and services firm. B ...