What is UnitedHealthcare business led by CEO Brian Thompson who was fatally shot in New York?

What is UnitedHealthcare business led by CEO Brian Thompson who was fatally shot in New York?
What is UnitedHealthcare business led by CEO Brian Thompson who was fatally shot in New York?

Hello and welcome to the details of What is UnitedHealthcare business led by CEO Brian Thompson who was fatally shot in New York? and now with the details

Nevin Al Sukari - Sana'a - A poster is attached to a lamp post outside the Hilton hotel near the scene where the CEO of UnitedHealthcare Brian Thompson was shot dead in Midtown Manhattan, in New York City on December 5, 2024. — Reuters pic

NEW YORK, Dec 6 — Brian Thompson, the CEO of UnitedHealth’s insurance unit, was fatally shot in Midtown Manhattan on Wednesday morning in what police described as a targeted attack by a masked assailant lying in wait just before the parent company’s annual investor conference at a Hilton Hotel.

Thompson, 50, had been with the company for 20 years and was CEO of UnitedHealthcare, the large insurance unit of UnitedHealth Group, since April 2021. The following is what you need to know about UnitedHealthcare:

What is UnitedHealthcare's business?

UnitedHealthcare is the largest U.S. health insurer, providing benefits to more than 50 million Americans. The company provides benefit plans that pay for much of routine healthcare as well as care for customers who fall ill or get injured. The unit had $281.4 billion in revenue in 2023, nearly double that of the next largest U.S. health insurer.

Americans routinely pay more for healthcare than people in any other country.

How does it fit into UnitedHealth group?

UnitedHealth Group is a $560 billion health conglomerate that consists of two main subsidiaries. In addition to the insurance business that was led by Thompson, there is

Optum, which includes a pharmacy benefits manager, specialty pharmacy, data analytics and doctor and surgical practices.

It also includes technology company Change, which was the target of a cyber attack this year that impacted thousands of providers and millions of healthcare customers.

The whole company brought in $371.6 billion in revenue last year and had over 440,000 employees at the end of 2023. Sir Andrew Witty became CEO of UnitedHealth Group

in 2021 after having run Optum. He was previously CEO of Britain-based pharmaceutical company GSK from 2008 to 2017.

How many people does UnitedHealth cover and where?

The company provided health insurance for more than 50.6 million at the end of the third quarter, including 49.3 million people across the United States. Nearly 30 million are enrolled in employer-based or other commercial insurance, 15.3 million in government-backed Medicare plans primarily for those age 65 and older under Medicare Advantage programs, and 4.3 million in Medicaid plans for low-income people.

The company’s global business provides benefits to customers in over 150 other countries, according to its annual report.

Under Thompson, UnitedHealthcare grew the number of people it covers domestically, which rose from around 44 million people when he took over as CEO in April 2021.

How profitable is it?

In 2023, the insurance business earned $16.4 billion, up nearly a third from 2020, the year before Thompson took over as CEO. — Reuters

These were the details of the news What is UnitedHealthcare business led by CEO Brian Thompson who was fatally shot in New York? for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Malay Mail and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Planet-warming gas levels rose more than ever in 2024
NEXT ‘Very bloody night’: Air strikes in Gaza crush joy of ceasefire deal

Author Information

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]