Big loss! UnitedHealth has lost a whopping $63 billion in market value since former CEO Brian Johnson was killed
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Why UnitedHealth's Financial Performance is on decline
Following Thompson's death, UnitedHealth reported a nearly 5% drop in its stock price. Despite reporting adjusted net earnings per share of $6.81, which exceeded expectations, the company's revenue of $100.81 billion fell short of estimates. The murder has intensified public scrutiny of the health insurance sector, especially regarding high premiums and denied claims.
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The incident has sparked widespread public outrage, with many Americans expressing frustration over the healthcare system's practices. The words «delay,» «deny,» and «depose» found on ammunition at the crime scene have resonated with individuals who have faced challenges with insurance coverage.
UnitedHealth's Response
UnitedHealth's CEO, Sir Andrew Witty, has come out to express the company's commitment to making healthcare more affordable and compassionate. He expressed his inability to understand the threats and hostility directed at the company's employees following the murder.
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