A van arrives near the Hilton Hotel in Midtown Manhattan where 50-year-old Brian Thompson was murdered. (Julia Bonavita/Fox News Digital)
CEO of UnitedHealth Group Andrew Witty said Thursday that the company is confident it can grow its business in fiscal year 2025. His optimism comes shortly after the head of its insurance unit was killed in New York City, prompting a conversation turned on the role of insurance. health insurance industry in the United States.
“The people at UnitedHealth Group remain focused on making high-quality, affordable health care more available to more people while making the health care system easier to navigate for patients and providers, which positions us well for growth in 2025,” Witty said in the company’s earnings call. report Thursday.
The company reached $100.81 billion in revenue for the quarter. That came in slightly below Wall Street’s estimate of $101.76 billion.
The company’s annual medical expense report – which is calculated by dividing the total medical expenses paid by an insurer by the the total insurance premiums collect – jumped to 85.5%, from 83.2% in 2023.
Andrew Witty, CEO of UnitedHealth Group Inc., arrives during a Senate Finance Committee hearing in Washington, DC, Wednesday, May 1, 2024. (Al Drago/Bloomberg via Getty Images/Getty Images)
Revenue from premiums increased to $76.48 billion for the fourth quarter, from $73.23 during the same period last year.
The CEO of UnitedHealthcare has been shot and killed in New York, according to reports. (Fox News Digital/UnitedHealthcare/Fox News)
This marked the first quarter since United Healthcare CEO Brian Thompson was shot and killed outside a New York City hotel in early December in what police called a “premeditated, targeted attack.” As the manhunt for his killer began, dozens of people released their frustrations about the US health care system online, with many of them even mocking Thompson’s murder.
Suspected shooter Luigi Mangione is led into the Blair County Courthouse for an extradition hearing on December 10, 2024 in Hollidaysburg, Pennsylvania. (Photo by Jeff Swensen/Getty Images/Getty Images)
Luigi Mangione was arrested and charged in connection with Thompson’s murder on December 4.
SOCIAL MEDIA USERS MOCK THE ASSASSINATION OF THE CEO OF UNITEDHEALTHCARE
During the company’s earnings call, Witty thanked everyone for the “overwhelming expressions of condolences and support.” after Thompson’s murder.
A police officer stands guard outside the Hilton Hotel in Midtown Manhattan, where UnitedHealthcare CEO Brian Thompson, 50, was shot to death, according to police, on Wednesday, December 4, 2024. (Julia Bonavita/Fox News Digital/Fox News)
“Many of you knew Brian personally. You know how much he meant to all of us, and how he dedicated his time to help make the health care system work better for all the people he has the privilege of serving,” said Witty, adding that Thompson. “I would dive in with passion and care to find solutions to improve experiences, whether for an individual consumer, an employer or a public health agency.”
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He went on to say that there are hundreds of thousands of nurses, doctors, caseworkers, customer service specialists, pharmacists and technologists in the company “who share this commitment and are determined to advance that work.”
| Ticker | Security | Last | Change | change % |
|---|---|---|---|---|
| UNH | UNITEDHEALTH GROUP INC. | 513.71 | -29.64 |
-5.46% |
“The task before us, all of us health care providers, payers, employers, drug companies and policy makers is to continue to improve the quality and health outcomes for individuals and their families, while reducing costs for all Witty said.
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2025-01-16 15:55:00
