Sarat Sethi, DCLA managing partner, joins 'Power Lunch' to discuss stock plays for three stocks.
Shares in major healthcare companies fell yesterday after president-elect Donald Trump made comments that he wanted to “knock out” prescription drug industry middlemen. The fall makes this yet another week since the killing of UnitedHealth CEO Brian Thompson that the business practices of companies that operate America's private healthcare system have come under increased scrutiny.
Health insurance companies have been in the limelight lately after the shooting of Brian Thompson, the CEO of the medical insurance arm of UNH. Furthermore, a news report suggesting that a bipartisan group of lawmakers may introduce legislation to force health insurance companies to divest their pharmacy business has raised concerns among investors.
The healthcare system needs to work better to defuse Americans' frustrations and address their medical needs, UnitedHealth Group CEO Andrew Witty said Friday, addressing the resentment with health insurance that surfaced after the murder of a top executive in his company.
UnitedHealth Group CEO Andrew Witty wrote in an op-ed that the company wants to continue to push for health care industry reforms following the killing of Brian Thompson.
Andrew Witty reacted on Friday to the deluge of social media posts celebrating the Dec. 4 killing of Thompson in Midtown Manhattan.
CNBC's Bertha Coombs reports on an op-ed written by UnitedHealth Group CEO.
UnitedHealth Group CEO Andrew Witty 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. In a New York Times opinion pieces, Witty made his first public comments since last week's fatal shooting of Thompson.
CEO Andrew Witty said: "We know the health system does not work as well as it should, and we understand people's frustrations with it."
One of the most publicized stories of the year has been the murder of UnitedHealth Group (NYSE: UNH) medical insurance division CEO Brian Thompson.
UnitedHealth's chief executive on Friday called for the healthcare system to be overhauled, following the emotional and angry reaction many had to the murder of one of the company's senior executives.
UnitedHealth Group CEO Andrew Witty wrote in a New York Times opinion piece on Friday that the healthcare system was flawed and was a "patchwork built over decades."