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It has been nearly three weeks since UnitedHealthcare (UNH) CEO Brian Thompson was shot and killed in New York City. The suspected gunman, Luigi Mangione, has been charged with several counts of murder and even terrorism, which he pleaded not guilty to on Monday.
In the aftermath of this event, Americans have expressed an outcry over their frustrations with dealing with health insurance providers and maneuvering the cracks in the US healthcare system.
Center for Health and Democracy (CHD) President Wendell Potter joins Market Domination's Josh Lipton and Yahoo Finance senior health reporter Anjalee Khemlani to speak more about his self-described "crisis of conscience" when he worked within the health industry. Potter penned a New York Times op-ed piece last week titled I Was a Health Insurance Executive. What I Saw Made Me Quit.
"I became aware of the barriers that health insurance companies have put in place to assure their profitability, but that have resulted in more and more Americans not being able to get the care that they need, medically necessary care, even with insurance," the former Cigna (CI) vice president of communications explains.
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"Those barriers that that they put in place to assure profitability and shareholder return really made me walk away. I used to handle financial communications for Cigna, my name was on all of the company's quarterly reports for ten years. So I saw how the company made money, where it came from, what they did with it, but also the way that they were able to earn the profits..."
Potter weighs in on the performance of major health insurance stocks in 2024 and how US policymakers are expected to act to better regulate the industry.
Follow Yahoo Finance's coverage of the incident and the outpouring of Americans' commentary on the US healthcare system:
Bipartisan lawmakers appear 'aligned' on PBM, insurance reform
Healthcare concerns rise as insurers deny patient claims
Luigi Mangione pleads not guilty in UnitedHealthcare CEO killing
UnitedHealth Group CEO calls healthcare system 'flawed' in NYT letter
Health insurance industry 'laying low' in aftermath of UnitedHealthcare CEO shooting
US has a 'sickcare system,' not a healthcare system: Anomaly CEO
How to fix the health insurance industry everybody seems to hate
UnitedHealthcare exec shooting is 'a wake-up call for the industry': Oscar Health CEO
US healthcare industry 'is now broken,' Oscar Health CEO explains
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This post was written by Luke Carberry Mogan.