Summary
UnitedHealth CEO Andrew Witty criticized public outrage over the health insurance industry following the assassination of UnitedHealthcare executive Brian Thompson.
In a leaked video to staff, Witty dismissed criticism as “misinformation” and urged employees not to engage with media.
Thompson’s murder outside a Manhattan hotel has intensified scrutiny of the industry’s practices, with bullet casings found at the scene bearing phrases linked to insurance claim denial tactics.
The killing has sparked debate on UnitedHealthcare’s history of denying claims, while the shooter remains at large.
Witty faces unrelated DOJ insider trading allegations.
Never forget that when a business owner tells you that they put consumers first, nothing is stopping them from converting their business into either a cooperative or a nonprofit organization dedicated to the public benefit. Even if it’s the case that at some given moment, the business really is putting consumers first, there is no benefit to the consumer for the business to continue operating as a privately owned for-profit institution. The only benefit a for-profit institution provides that a cooperative or nonprofit cannot, is the power for leadership to prioritize their own interests above all other stakeholders whenever it suits them.