UnitedHealth Group, America's largest healthcare company, reported record revenue but faced criticism for prioritizing profits over patient care. Protesters highlighted the suffering caused by insurance denials and the exorbitant CEO compensation, demanding greater transparency and a shift towards a system focused on public good.
Healthcare is big business in the United States. So big it can be hard to wrap your head around. America’s largest healthcare company, the UnitedHealth Group, pulled in over $100 billion in revenue in just the fourth quarter of 2024 alone. For the full year, the giant’s insurance division, UnitedHealthcare, just reported record revenue of $298.2 billion. These staggering revenue totals actually fell below investor expectations.
Nephrologist Cheryl Kunis shared the story of a patient who died after UnitedHealthcare refused to cover a PET scan of a malignant neck tumor. These experiences amount to much more than isolated one-off incidents. The outpouring of anger after the December killing of UnitedHealthcare CEO Brian Thompson—anger not at the shooting but at the company Thompson represented—shows just how many Americans are currently suffering under our privatized healthcare system.
HEALTHCARE INSURANCE PROFIT PATIENT CARE PRIVATIZATION
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shareholder Group Petitions UnitedHealth Group to Investigate Impact of Coverage Denials on Patient CareA faith-based shareholder group is demanding that UnitedHealth Group assess the consequences of its prior authorization processes and coverage denials on patient health outcomes.
Read more »
UnitedHealth Profits Rise, But Revenue Falls ShortUnitedHealth Group Inc. reported better-than-expected profits in the fourth quarter of 2024, but revenue fell short due to challenges including Medicare funding cuts and a drop in Medicaid enrollment.
Read more »
UnitedHealth Group Prepares for Earnings Amidst Executive Loss and CyberattackUnitedHealth Group is gearing up to release its fourth-quarter and full-year 2024 earnings, anticipating another multi-billion dollar profit despite challenges like rising medical costs and the fallout from a major cyberattack.
Read more »
UnitedHealth Group CEO: ‘The Health System Needs To Function Better’In his first public comments since one of his executives was shot to death, UnitedHealth Group CEO Andrew Witty said the healthcare system “needs to function better.”
Read more »
UnitedHealth Group aims to get back to business after CEO murderUnitedHealth Group CEO Andrew Witty told analysts that the company is positioned well for growth in 2025. This comes just a month after the CEO of its insurance unit was murdered.
Read more »
UnitedHealth Group Appoints New CEO for UnitedHealthcare After Tragic Death of Brian ThompsonUnitedHealth Group has named Tim Noel as the new CEO of UnitedHealthcare following the murder of former CEO Brian Thompson. Noel brings significant experience to the role, having previously headed UnitedHealth Group's Medicare and retirement business.
Read more »