this post was submitted on 08 May 2025
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UnitedHealth sued by shareholders over its reaction to backlash from executive's killing (www.reuters.com)
submitted 3 weeks ago by ByteOnBikes@slrpnk.net to c/business@lemmy.world
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NEW YORK, May 7 (Reuters) - UnitedHealth Group (UNH.N) , opens new tab was sued on Wednesday for allegedly concealing how backlash from the killing of a top executive was damaging its business, causing its stock to nosedive after the insurer lowered its 2025 outlook.

In a proposed class action filed in Manhattan federal court, shareholders said the insurer defrauded them after the December 4 shooting of UnitedHealthcare Chief Executive Brian Thompson by shifting away from strategies that led to higher-than-average claims denials, without revealing the impact on profitability.

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[–] AidsKitty@lemmy.world 1 points 2 weeks ago

Healthcare as a profitable business model will never be a good idea. Unfortunately were talking about 20% of the economy and inspiring real change will be near impossible.