People demonstrating against the health care industry stand outside Federal Criminal Court as Luigi Mangione, suspect in the shooting death of UnitedHealthcare CEO Brian Thompson, appears during an arraignment hearing on Dec. 19, 2024 in New York City.But even before Thompson's shocking death on a New York City street, and its ongoing aftermath, the business of Big Health Care was having a rocky year.
Yet for all the power they wield, and all the money they make, these companies — and their investors — also have their discontents. CVS Health, the conglomerate that owns Aetna and is theThese companies are still profitable. But because their profits aren't growing, their investors aren't happy: Shares of UnitedHealth, CVS Health, and other large health care conglomerates have fallen this year, while the overall market thrives.
UnitedHealth and Cigna declined to comment for this article. A spokesperson for CVS Health said via email that"we believe in the integrated value our businesses deliver" and that, regarding lawmakers' recent comments on pharmacy benefits managers,"We are proud of our continued work to make prescription drugs more affordable in the United States.
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