Barrons Roundtable panelists analyze why health care stocks are lagging and cryptocurrency performance.
UnitedHealthcare, the nation’s largest health insurer whose CEO was murdered earlier this month, is accused in a new article of actively working to reduce access to a treatment deemed “critical” for kids with autism.
A report from ProPublica claims UnitedHealthcare is strategically limiting access to applied behavior analysis (ABA) therapy for autistic patients as a way to cut costs. The report was based on internal documents the outlet obtained that purportedly show the company’s strategy, developed by its mental health benefits division, Optum.
UnitedHealthcare corporate headquarters on December 4, 2024 in Minnetonka, Minnesota. United Healthcare CEO Brian Thompson was shot dead on the street in New York City before he was to attend the company’s annual investors meeting. (Stephen Maturen/Getty Images / Getty Images)
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| UNH | UNITEDHEALTH GROUP INC. | 610.20 | +1.82 | +0.30% |
According to the report, UnitedHealthcare acknowledges ABA as the “evidence-based gold standard treatment for those with medically necessary needs,” but the company aims to “prevent new providers” of the therapy from joining its network and removing existing ones despite “very long waitlists” for the treatment in some areas.
The report claims Optum’s strategy specifically targets kids insured through Medicaid, a federal program administered through states that provides health coverage to people with low incomes.
FOX Business has reached out to UnitedHealthcare and Optum for comment.
UnitedHealth CEO Brian Thompson was shot and killed Wednesday, Dec. 4, 2024, in New York City. (FOX 5 New York/ WNYW | UnitedHealth / Fox News)
UnitedHealthcare has been in the spotlight since chief executive Brian Thompson was fatally shot in New York City on Dec. 4 by a lone gunman.
TRUMP BLASTS UNITEDHEALTHCARE CEO MURDER SUSPECT SUPPORT
The suspect in the murder, Luigi Mangione, reportedly singled out UnitedHealthcare in a handwritten manifesto, noting the size of the company and how much money it makes. However, Mangione was not a UnitedHealthcare member.
Suspected shooter Luigi Mangione is led into the Blair County Courthouse for an extradition hearing Dec. 10, 2024 in Hollidaysburg, Pennsylvania. (Jeff Swensen/Getty Images / Getty Images)
Following Thompson’s murder, many people on social media expressed indifference to his killing and in some cases even mocked it, venting their frustrations with the U.S. health care system.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Last week, Andrew Witty, CEO of UnitedHealthcare’s parent company, UnitedHealth Group, penned an op-ed in The New York Times, calling for health care reform and greater transparency in the industry.
