Major insurance stocks including UnitedHealth Group, Ciga Group, and Elevance have fallen up to 11% in the last five days. The decline has been pronounced since their closing prices last Tuesday, which was one day prior to the killing of UnitedHealthcare CEO Brain Thompson.
Pharmacy benefit managers have previously come under scrutiny for their influence over prescription drug prices.
Shares of UnitedHealth Group (UNH -4.74%) 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.
Health care companies are taking a step back to better understand patients' experiences after a powerful U.S. health insurance executive was murdered last week, executives from drugmaker Pfizer and Amazon.com said at a panel at the Reuters NEXT conference in New York on Wednesday.
CNBC's Bertha Coombs reports on news regarding the killing of UnitedHealthcare CEO Brian Thompson.
Why is health insurance is in the hands of private, profit-seeking, profit-maximizing organizations in the first place?
When 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.
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.
Luigi Mangione's attorney Thomas Dickey says that he hasn't seen any evidence that Mangione is the killer.
John Ransom, Raymond James, joins 'Fast Money' to talk negative sentiment around health care insurers right now and if policy change is on the horizon.
A potential history of back pain emerged on Tuesday as a point of interest in the UnitedHealthcare CEO murder case, based on accounts from two people who knew the suspect and details from his social media profiles.
Major insurance stocks have fallen more than 6% since their closing prices last Tuesday, the day before the deadly shooting of Brian Thompson, the CEO of UnitedHealth Group's insurance arm. That includes UnitedHealth Group, CVS Health and Cigna, which operate three of the nation's largest private health insurers.