The profits of UnitedHealth Group's health insurance business UnitedHealthcare that soared during the pandemic have tempered as medical costs rise from Americans getting more care now that the Covid-19 pandemic has passed.
Inaction on Capitol Hill could soon make healthcare plans more expensive, potentially adding to the country's uninsured rate and increasing premiums
Shares of UnitedHealth Group (UNH -5.07%) fell for the second session in a row today as investors seem to be reckoning with the backlash against the company following the murder of UnitedHealthcare CEO Brian Thompson on Wednesday morning.
UnitedHealthcare CEO Brian Thompson was fatally shot Wednesday doing something countless other American executives routinely do: Walking unaccompanied to an investor event held by his company. Thompson's death this week in the heart of corporate America's capital has sent shockwaves throughout the business world, forcing companies to rethink the risks in even the most routine aspects of executive responsibilities.
Police believe that the person of interest being sought in connection with the killing of UnitedHealthcare CEO Brian Thompson left New York City shortly after the slaying. Top NYPD brass told CNN that surveillance footage of the person of interest in Wednesday's fatal shooting of Thompson took a cab from the Upper West Side of Manhattan to the Port Authority Bus Terminal in Washington Heights, next to the George Washington Bridge.
Thompson's death sparked a wide social media conversation over frustrations with navigating the US health insurance system.
Shares of health insurance companies including UnitedHealth Group continued to fall on Friday, two days after Brian Thompson, the CEO of the company's health insurance unit, was fatally shot outside a Manhattan hotel by a gunman lying in wait.
Shares of UnitedHealthcare's parent company led a broader selloff in health insurance stocks, losses one analyst described as a likely result of the industry's fresh focus following the Wednesday killing of UnitedHealthcare's chief executive Brian Thompson.
Security company execs have seen a dramatic increase in inquiries for services after the murder of Brian Thompson.
Shares of health insurers and managed-care companies were falling across the board.
Former NYPD Lt. Darrin Porcher on latest developments around the alleged gunman of the UnitedHealthcare CEO and the 'uncommon' firearm used.
The NYPD has released images of a person of interest after the fatal shooting of the insurance exec on Wednesday morning.