Tag

Insuranceindustry

All articles tagged with #insuranceindustry

health1 year ago

UnitedHealth CEO's Death Sparks Critique of Flawed Healthcare System

UnitedHealth Group CEO Andrew Witty expressed condolences over the death of Brian Thompson, head of the company's insurance arm, and criticized the U.S. health-care system as flawed and in need of reform. Witty emphasized UnitedHealth's commitment to improving the system by collaborating with various stakeholders to deliver better care and reduce costs. The statement follows Thompson's fatal shooting, which has intensified public frustration with the insurance industry over high costs and access issues. Witty acknowledged the company's role in these challenges but did not specify reform measures.

business-and-finance2 years ago

"Cigna Approaches Multi-Billion Dollar Sale of Medicare Advantage Business"

Cigna is in the final stages of negotiations to sell its Medicare Advantage business to Health Care Service Corp. in a deal valued between $3 billion and $4 billion. This move represents a strategic shift for Cigna, which had previously been expanding in the Medicare sector. The sale comes after Cigna conducted an auction for the business, which generated approximately $7.9 billion in revenue in 2022 and had around 599,000 members as of the end of September.