DOJ launched probe into UnitedHealth earlier than CEO’s homicide

A number of senior executives at UnitedHealthcare have been under investigation by the Division of Justice, although it’s not clear if CEO Brian Thompson was a part of that investigation earlier than his homicide.

Thompson was gunned down in midtown Manhattan on Wednesday morning in what police are calling a focused assault.

There have been studies that the executives had been accused of insider buying and selling and fraud, and in the final 12 months the DOJ launched a probe into whether or not the nation’s largest insurer was unfairly limiting rivals and working a monopoly.

Final month, the DOJ, together with attorneys general from Maryland, Illinois, New Jersey, and New York, filed a lawsuit to dam UnitedHealth Group Included’s proposed $3.3 billion acquisition of rival residence well-being and hospice supplier Amedisys Inc.

UNITEDHEALTHCARE CEO FATALLY SHOT OUTSIDE MANHATTAN HOTEL IN ‘TARGETED’ ATTACK, SUSPECT AT LARGE

UnitedHealthcare sign

UnitedHealthcare signage is displayed outdoors at a retailer within the Queensborough Borough of New York on Monday, Jan. 14, 2013. (Michael Nagle/Bloomberg by way of Getty Photographs)

The transaction, in accordance with the grievance, would eradicate competitors between UnitedHealth and Amedisys.

By eliminating the competitors, sufferers who obtain residence well-being and hospice companies can be harmed, as would insurers who contract for residence well-being companies and nurses who present these companies, in accordance with the DOJ.

“We’re difficult this merger as a result of residence well-being, and hospice sufferers and their households experiencing a number of the toughest moments of their lives deserve inexpensive, prime-quality care choices,” legal professional Common Merrick B. Garland stated final month. “The Justice Division won’t hesitate to examine illegal consolidation and monopolization within the healthcare market that threatens to hurt weak sufferers, their households, and well-being care staff.”

HACKERS BEHIND UNITEDHEALTH GROUP CYBERATTACK REPORTEDLY IDENTIFIED

UnitedHealthcare CEO image over shooting scene photo

The CEO of UnitedHealthcare was shot and killed in NYC on Wednesday, December 4, 2024. (Fox Information Digital, UnitedHealthcare, Fox Information)

Each corporation views one another as shut rivals for residence well-being and hospice companies, and UnitedHealth’s proposal would eradicate those competitors.

UnitedHealth proposed divesting sure amenities to VitalCaring Group to handle a number of the overlaps between UnitedHealth and Amedisys, the DOJ stated. However, that proposal doesn’t alleviate hurt in over 100 residence well-being, hospice, and labor markets, the DOJ added, which generate over a billion {dollars} in income annually and serve not less than 200,000 sufferers, whereas using not less than 4,000 nurses.

“American healthcare is unwell. Except this $3.3 billion transaction is stopped, UnitedHealth Group will additional lengthen its grip to residence well-being and hospice care, threatening seniors, their households, and nurses,” Assistant Legal Professional Common Jonathan Kanter of the Justice Division’s Antitrust Division stated.

FOX Enterprise reached out to UnitedHealth but has not heard again.

………………………….
Sourcing information and pictures from foxbusiness.com

Subscribe for updates!


Leave a Reply

Your email address will not be published. Required fields are marked *