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UnitedHealth Group originated in late 1974, when Minnesota-based Charter Med Incorporated was founded by Richard Taylor Burke.It originally processed claims for doctors at the Hennepin County Medical Society. [5]
Stephen J. Hemsley (born 4 June 1952) [1] [2] is an American businessman who is the chair of the board and former chief executive officer of UnitedHealth Group Inc.In August 2017, UnitedHealth announced that Hemsley would be stepping down after more than a decade as CEO and starting a newly created role of executive chairman of the board.
Burke founded UnitedHealth Group and played a significant role in the development of the HMO and Physicians Health Plan (PHP) while he worked at InterStudy, a think tank focused on health care with Dr. Paul M. Ellwood Jr. [2] [3] [4] Burke took the view that healthcare should be economized and hospital admissions should be limited, sometimes at the protest of doctors.
When McGuire joined UnitedHealth Group, it was an unprofitable regional health maintenance organization with annual revenues around $400 million. [2] When he left, UnitedHealth Group the company had more than $70 billion in annual revenues, more than 50,000 employees, and more than sixty million health plan members.
UnitedHealth Group CEO Andrew Witty defended the company's claim denial practices in an internal video which was leaked after the fatal shooting of Thompson. Recorded on December 5, the day after Thompson's death, Witty emphasized the company's role in ensuring "safe and appropriate" care and that the insurance giant will continue to prevent ...
This page was last edited on 7 December 2024, at 06:37 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
On 6 December 2024, after the murder of former CEO of UnitedHealth Group's subsidiary company UnitedHealthcare, Brian Thompson, [32] a video was leaked in which Witty stated, "Our role is a critical role, and we make sure that care is safe, appropriate, and is delivered when people need it" and that the insurer will continue to prevent "unnecessary care" and advised that people refrain from ...
William W. McGuire, chief executive officer of UnitedHealth until he stepped down along with director William G. Spears following a U.S. Securities and Exchange Commission investigation in 2006 [22] Michael Neidorff, president and chief executive officer of Centene from 1996 to 2022 [23]