UNITEDHEALTHCARE Health Insurance Company, one of the largest American companies and part of the DOW JONES INDUSTRIAL AVERAGE index, faced a serious crisis.
The peak of the problem happened earlier this week, when Andrew Witty, for personal reasons, resigned at the position of the executive director of UnitedHealthCare.
Shortly afterwards, the company gave up its financial guidelines, stating as a reason rapid increase in medical expenses, writes CNN.
However, the business newspaper Wall Street Journal announced that the UnitedHealthcare was under the investigation of the Federal Justice due to the suspicion that he was cheating on the Federal Health Agency Medicare. From the company they said they were not familiar with that investigation.
This news was astonished investors, which is why their concern has grown significantly. As a consequence, the value of the UnitedHealthCare shares fell by as much as $ 288 billion in just a month. Yesterday’s share price recorded the lowest level since April 2020, when the coronavirus pandemic hit the market.
CNN points out that this is a spectacular decline for one of the most powerful US companies and the largest health insurers in the United States.
All this happens six months after Luigi Mangione killed the then executive director of UnitedhealthCare, Brian Thompson. This murder attracted great attention to the world public, especially those dissatisfied with the current health insurance system.
(Vijesti.ba)
