New York is shocked/ The CEO of the insurance company is executed

2024-12-05 09:43:00, Kosova & Bota CNA

New York is shocked by the murder of Brian Thompson CEO of UnitedHealthcare who was executed on a sidewalk in downtown Manhattan.

Thompson, who was 50, had worked at behemoth UnitedHealth Group Inc for 20 years and headed the insurance division as of 2021 after running its Medicare and retirement business.

As CEO, Thompson led a firm that provides health coverage to more than 49 million Americans, more than the population of Spain. United is the largest provider of Medicare Advantage plans, the privately run versions of the US government's Medicare program for people age 65 and older. The company also sells individual insurance and administers health insurance coverage for thousands of employers and state and federally funded Medicaid programs.

The business led by Thompson brought in $281 billion in revenue last year, making it the largest subsidiary of Minnetonka, Minnesota-based UnitedHealth Group. His annual package of $10.2 million, including salary, bonus and stock option awards, made him one of the company's highest-paid executives.

The University of Iowa graduate began his career as a certified public accountant in PêC and had little name recognition beyond the healthcare industry. Even to investors who own its stock, the face of the parent company belonged to CEO Andre Witty, a British equestrian triathlete who has testified before Congress.

When Thompson occasionally drew attention, it was because of his role in shaping the way Americans receive health care.

At an investor meeting last year, he described his company's shift toward "value-based care," paying doctors and other caregivers to keep patients healthy rather than focusing on treating them once they're sick. get sick./ CNA