• TragicNotCute@lemmy.world
    link
    fedilink
    English
    arrow-up
    49
    arrow-down
    1
    ·
    13 days ago

    From his Wikipedia page, some selected excerpts:

    Thompson joined UnitedHealth Group in 2004 and was named CEO of UnitedHealthcare government programs that included Medicare and retirement, and community and state divisions in 2021. Under his leadership profits at UHC went from $12 billion in 2021 to $16 billion in 2023.

    The investigation revealed that in 2019, UHC’s prior authorization denial rate was 8.7%. Thompson became CEO in 2021, and by 2022 the rate of denial had increased to 22.7%. For both Medicare and non-Medicare claims, UHC declines at a rate double the industry average.

    A lawsuit was filed against Thompson, UnitedHealth chairman Stephen J. Hemsley and two other senior executives in May 2024 for alleged fraud and insider trading due to failing to disclose an antitrust investigation into the company by the United States Department of Justice and by selling stock options before the probe was made public.

    https://en.m.wikipedia.org/wiki/Brian_Thompson_(businessman)