• 5 Posts
  • 338 Comments
Joined 2 years ago
cake
Cake day: June 9th, 2023

help-circle
  • From his Wikipedia page, some selected excerpts:

    Thompson joined UnitedHealth Group in 2004 and was named CEO of UnitedHealthcare government programs that included Medicare and retirement, and community and state divisions in 2021. Under his leadership profits at UHC went from $12 billion in 2021 to $16 billion in 2023.

    The investigation revealed that in 2019, UHC’s prior authorization denial rate was 8.7%. Thompson became CEO in 2021, and by 2022 the rate of denial had increased to 22.7%. For both Medicare and non-Medicare claims, UHC declines at a rate double the industry average.

    A lawsuit was filed against Thompson, UnitedHealth chairman Stephen J. Hemsley and two other senior executives in May 2024 for alleged fraud and insider trading due to failing to disclose an antitrust investigation into the company by the United States Department of Justice and by selling stock options before the probe was made public.

    https://en.m.wikipedia.org/wiki/Brian_Thompson_(businessman)


  • Very interesting. I wish the story told more.

    South Korean police have arrested a CEO and five employees for manufacturing over 240,000 satellite receivers pre-loaded or later updated to include DDoS attack functionality at a purchaser’s request.

    While neither company has been named, the two companies have been trading since 2017. In November 2018, the purchasing company made a special request to include DDoS functionality, with the South Korean manufacturer complying.

    Allegedly, the functionality was needed to counter the attacks of a competing entity.