How will UnitedHealth Group stock perform compared to S&P 500 by June 30, 2025?
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UnitedHealthcare CEO Brian Thompson Killed; Suspect Luigi Mangione Arrested Amid Calls for Healthcare Reform
Dec 13, 2024, 12:03 PM
UnitedHealthcare CEO Brian Thompson was fatally shot in New York City by a gunman identified as Luigi Mangione, who was arrested in Altoona, Pennsylvania, after a five-day manhunt. Authorities revealed that Mangione was not a client of UnitedHealthcare, and he may have targeted the insurer due to its size and influence. Investigations suggest Mangione was struggling with chronic back pain and mental health issues, possibly motivating his actions. The bullets used in the shooting reportedly had the phrase 'Delay, deny, depose' carved into them, reflecting a criticism of the insurance industry. This phrase was echoed by a Florida woman, Briana Boston, who was arrested after allegedly threatening her insurance company with the same words. The killing has prompted increased security measures at corporate events, with companies spending more on executive protection. UnitedHealth Group CEO Andrew Witty acknowledged the flaws in the U.S. healthcare system in a New York Times op-ed, calling for reforms. The incident has sparked online reactions and discussions about the healthcare industry, with Representative Alexandria Ocasio-Cortez noting that people experience denied claims as an act of violence. A New York grand jury has begun hearing evidence against Mangione, moving toward an indictment to strengthen the extradition case from Pennsylvania.
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