UnitedHealth Shares Plunge After CEO’s Murder Prompts Fury at Health Honchos
finance.yahoo.com
Shares in the parent company of slain UnitedHealthcare CEO Brian Thompson have plummeted, as his murder prompted renewed scrutiny of the industry and outrage over the state of US healthcare. UnitedHealth Group’s stock fell 5 percent on Friday alone, bringing its weekly loss to 10 percent. That wiped roughly $56 billion from the company’s market capitalization. After-hours trading continued to dip, dropping 5 percent on Sunday after a video leaked UnitedHealth CEO Andrew Witty, Thompson’s boss, s

UnitedHealth Group’s stock fell 5 percent on Friday alone, bringing its weekly loss to 10 percent. That wiped roughly $56 billion from the company’s market capitalization.

After-hours trading continued to dip, dropping 5 percent on Sunday after a video leaked UnitedHealth CEO Andrew Witty, Thompson’s boss, slamming industry critics on social media as “vitriolic” and “not in tune with reality.”

“We guard against the pressures that exist for unsafe care or unnecessary care,” Witty said in a private video to staff filmed in the wake of Thompson’s execution outside of a New York City hotel Wednesday.

The video, published by independent journalist Ken Klippenstein on Friday evening after markets closed, was met with backlash online. “Talk about misreading the situation,” one X user wrote.

UnitedHealth Group’s plunge follows similar trends in health insurance stocks.

Rival firm Elevance Health—the parent of Anthem Blue Cross Blue Shield—fell six percent by the end of the week.

  • @PunnyName
    55•2 months ago

    Good. Let’s hope it keeps going.

  • CuteCatBeingEatenByHaitian
    20•2 months ago

    We guard against the pressures that exist for unsafe care or unnecessary care

    Who are you tho? A doctor? Lol

  • @surph_ninja
    18•2 months ago

    Unless it’s destroyed, it’s not enough.

    • murmeladeEnglish
      3•2 months ago

      Would be hilarious if he’s released on mistrial and immediately goes after Witty.

  • @Chee_Koala
    16•2 months ago

    We guard against pressures [with the lowest approval rating and by far the highest cost on the planet, without any increased life expectancy to show for it]. Maybe he should say the quiet part out loud in his head, and check out this mythical ‘reality’ he speaks of another time.

  • @NotMyOldRedditName
    13•2 months ago

    “We guard against the pressures that exist for unsafe care or unnecessary care,”

    wow, so out of touch.

  • Lexam
    12•2 months ago

    Sad part is they will recover from this. And the people soulless enough to buy their stock during the dip will profit.