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Selling insurance products under UnitedHealthcare, and health care services under the Optum brand, it is the world's ninth-largest company by revenue and the largest health care company by revenue. The company is ranked 8th on the 2024 Fortune Global 500. [4] UnitedHealth Group had a market capitalization of $460.3 billion as of December 20, 2024.
Some 40% of UHG’s revenues came from the Centers for Medicare and Medicaid Services in 2023, up from 27% 15 years ago. UHG made $22 billion in profit in 2023, more than all but 11 other ...
In his first public response to the consumer outcry following the fatal shooting of one of his top executives, UnitedHealth Group CEO Andrew Witty said Friday that the US health system “is not ...
The grievance is not addressed in a way that satisfies the consumer, the consumer sometimes registers the complaint with a third party such as the Better Business Bureau, a local or regional government (if it has a "consumer protection" office) and Federal Trade Commission (in the United States).
"In 2019, UnitedHealthcare issued an initial denial to 8.7 percent of the post-acute care prior authorization requests it received; by 2022, it denied 22.7 percent of all such requests, an increase of 172 percent. Yet UnitedHealthcare’s overall prior authorization denial rate changed little, going from 7.3 percent in 2019 to 7.6 percent in 2022."
Health insurance industry officials remain uncharacteristically reserved in the aftermath of the fatal shooting of UnitedHealthcare CEO Brian Thompson on Dec. 4.. A week after the attack, the ...
A leaked video of UnitedHealth CEO Andrew Witty defending claim denials after Brian Thompson’s murder has sparked backlash. Critics argue the policy contributes to medical bankruptcies and lives ...
PacifiCare Health Systems, Inc. was a provider of health insurance based in Cypress, California. ... when it changed to the UnitedHealthcare name. [9]