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The assassination of UnitedHealthcare CEO Brian Thompson cast a harsh spotlight on the controversial practices of the health insurance giant, which has long been accused of prioritizing profits ...
[26] [27] UnitedHealthcare insures 49 million Americans and generated $281 billion in revenue for the 2023 fiscal year. [28] Under his leadership, UHC's profits increased from $12 billion in 2021 to $16 billion in 2023. [29] At the time of Thompson's death, the company was the largest health insurer in the United States. [30]
It originally processed claims for doctors at the Hennepin County Medical Society. [5] UnitedHealthcare Corporation was founded in 1977 to purchase Charter Med and create a network-based health plan for seniors. [6] It became a publicly traded company in 1984 and changed its name to UnitedHealth Group in 1998. [7]
MA plans are required to offer coverage that meets or exceeds the standards set by Medicare A and B, but do not have to cover every benefit in the same way. MA plans feature an out-of-pocket annual spending limit of the beneficiary's choosing, typically ranging from $1500 to $8000 (2023).
The early morning killing of a top health insurance executive in midtown Manhattan Wednesday has unleashed a flurry of rage and frustration from social media users over denials of their medical ...