Behavioral Health Business January 16, 2025
Insurance giant UnitedHealth Group (NYSE: UNH) is blaming providers and drug companies for the growing costs of health care in the U.S.
This came after the company faced a wave of public scrutiny for its denial practices following the tragic death of Brian Thompson, CEO of its insurance arm, UnitedHealthcare.
“Fundamentally, healthcare costs more in the US because the price of a single procedure, visit or prescription, is higher here than it is in other countries,” Andrew Witty, CEO of UnitedHealth Group, said during the company’s Q4 earnings call Thursday morning. “The core fact is that prices, more than utilization, drive system costs higher. Tackling that problem will require all parts of the system and policymakers to come together.”
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