Health Care

UnitedHealth Group Taps New Head Of Health Insurance Business | Forbes

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UnitedHealth Group Wednesday elevated an insider to lead its $200 billion UnitedHealthcare health insurance business, which is the nation’s largest.

UnitedHealth said that Brian Thompson, who has been with the company since 2004, has been named Chief Executive Officer of UnitedHealthcare, the health benefits business of the company.

It’s the first major personnel move by UnitedHealth chief executive Andrew Witty since he took over as the company’s top executive in February. Thompson replaces Dirk McMahon, who has been CEO of UnitedHealthcare since June 2019, and was named president and chief operating officer of UnitedHealth Group in February.

“Brian’s experience, relationships and values make him especially well-suited to help UnitedHealthcare improve how health care works for consumers, physicians, employers, governments and our other partners, leading to continued and sustained long-term growth,” Witty said.

UnitedHealth, which also includes Optum and its array of medical care providers and health services, operates the nation’s largest health insurance company in UnitedHealthcare. The health insurance unit oversees a large commercial health coverage operation as well as a government business that administers Medicaid coverage for states and sells privatized Medicare Advantage plans to seniors.

Thompson will also have to help the insurer navigate some relationships that UnitedHealthcare has with medical care providers that have become problematic lately. A large anesthesiology group recently sued UnitedHealth, alleging the company has stifled competition.

UnitedHealthcare contributed $200 billion of the company’s $257 billion in revenue last year, according to UnitedHealth’s most recent earnings report. The business has more than 43 million health plan members in the U.S.

Read more at www.forbes.com

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