Factbox-What’s the UnitedHealthcare enterprise run by assassinated CEO Brian Thompson?

By Michael Erman

NEW YORK (Reuters) – Brian Thompson, CEO of UnitedHealth’s insurance coverage unit, was fatally shot in midtown Manhattan final week in what police described as a focused assault by a masked assailant who ‘was ready simply earlier than the mother or father firm’s annual investor convention at a Hilton. Resort.

Authorities arrested Luigi Mangione, 26, in Altoona, Pennsylvania, in reference to Monday’s capturing. Mangione was discovered with a “ghost gun” – a firearm assembled from elements, making it untraceable – and a silencer matching the weapon used to shoot Thompson, New York’s police commissioner stated. York, Jessica Tisch.

Thompson, 50, had been with the corporate for 20 years and had been CEO of UnitedHealthcare, the massive insurance coverage unit of UnitedHealth Group, since April 2021. Here is what you’ll want to learn about UnitedHealthcare:

WHAT IS UNITEDHEALTHCARE BUSINESS?

UnitedHealthcare is America’s largest well being insurer, offering advantages to greater than 50 million People. The corporate gives profit plans that cowl a lot of routine well being care in addition to care for patrons who change into sick or injured. The unit had income of $281.4 billion in 2023, almost double that of the second-largest U.S. well being insurer. People typically pay extra for his or her well being care than folks in every other nation.

HOW DOES IT FIT INTO THE UNITEDHEALTH GROUP?

UnitedHealth Group is a $560 billion healthcare conglomerate with two major subsidiaries. Along with the insurance coverage enterprise run by Thompson, there’s Optum, which features a pharmacy advantages supervisor, specialty pharmacy, information analytics, and medical and surgical practices.

This additionally consists of expertise firm Change, which was the goal of a cyberattack this yr that affected hundreds of suppliers and hundreds of thousands of healthcare prospects.

The complete firm generated income of $371.6 billion final yr and had greater than 440,000 staff on the finish of 2023. Sir Andrew Witty grew to become CEO of UnitedHealth Group in 2021 after main Optum. He was beforehand CEO of British pharmaceutical firm GSK from 2008 to 2017.

HOW MANY PEOPLE DOES UNITEDHEALTHCARE COVER AND WHERE?

The corporate offered medical insurance to greater than 50.6 million folks on the finish of the third quarter, together with 49.3 million folks throughout the US. Practically 30 million individuals are enrolled in employer-sponsored or different business insurance coverage, 15.3 million in government-backed Medicare plans, largely for folks age 65 and older below Medicare packages Benefit, and 4.3 million to low-income Medicaid plans. The corporate’s world operations present advantages to prospects in additional than 150 different international locations, in accordance with its annual report.

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