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Patrick Mahomes and Chiefs win at the buzzer again, topping Panthers 30-27 on Shrader's field goalNEW YORK (AP) — Brian Thompson led one of the biggest health insurers in the U.S. but was unknown to millions of people his decisions affected. Then Wednesday's targeted fatal shooting of the UnitedHealthcare CEO on a midtown Manhattan sidewalk thrust the executive and his business into the national spotlight. Thompson, who was 50, had worked at the giant UnitedHealth Group Inc for 20 years and run the insurance arm since 2021 after running its Medicare and retirement business. As CEO, Thompson led a firm that provides health coverage to more than 49 million Americans — more than the population of Spain. United is the largest provider of Medicare Advantage plans, the privately run versions of the U.S. government’s Medicare program for people age 65 and older. The company also sells individual insurance and administers health-insurance coverage for thousands of employers and state-and federally funded Medicaid programs. The business run by Thompson brought in $281 billion in revenue last year, making it the largest subsidiary of the Minnetonka, Minnesota-based UnitedHealth Group. His $10.2 million annual pay package, including salary, bonus and stock options awards, made him one of the company's highest-paid executives. The University of Iowa graduate began his career as a certified public accountant at PwC and had little name recognition beyond the health care industry. Even to investors who own its stock, the parent company's face belonged to CEO Andrew Witty, a knighted British triathlete who has testified before Congress. When Thompson did occasionally draw attention, it was because of his role in shaping the way Americans get health care. At an investor meeting last year, he outlined his company's shift to “value-based care,” paying doctors and other caregivers to keep patients healthy rather than focusing on treating them once sick. Listen now and subscribe: Apple Podcasts | Spotify | RSS Feed | SoundStack | All Of Our Podcasts “Health care should be easier for people,” Thompson said at the time. “We are cognizant of the challenges. But navigating a future through value-based care unlocks a situation where the ... family doesn’t have to make the decisions on their own.” Thompson also drew attention in 2021 when the insurer, like its competitors, was widely criticized for a plan to start denying payment for what it deemed non-critical visits to hospital emergency rooms. “Patients are not medical experts and should not be expected to self-diagnose during what they believe is a medical emergency,” the chief executive of the American Hospital Association wrote in an open letter addressed to Thompson. “Threatening patients with a financial penalty for making the wrong decision could have a chilling effect on seeking emergency care.” United Healthcare responded by delaying rollout of the change. Thompson, who lived in a Minneapolis suburb and was the married father of two sons in high school, was set to speak at an investor meeting in a midtown New York hotel. He was on his own and about to enter the building when he was shot in the back by a masked assailant who fled on foot before pedaling an e-bike into Central Park a few blocks away, the New York Police Department said. Chief of Detectives Joseph Kenny said investigators were looking at Thompson's social media accounts and interviewing employees and family members. “Didn’t seem like he had any issues at all,” Kenny said. "He did not have a security detail.” AP reporters Michael R. Sisak and Steve Karnowski contributed to this report. Murphy reported from Indianapolis.
No. 25 Illinois 87, Md.-Eastern Shore 40( MENAFN - media OutReach Newswire) HONG KONG SAR - Media OutReach Newswire - 30 December 2024 - AS Watson Group and Al-Futtaim Group jointly announce the opening of Watsons' new flagship store at City Centre Bahrain Mall, signifying the Watsons' entry into a new market alongside the United Arab Emirates (UAE), Kingdom of Saudi Arabia (KSA) and Qatar. This also marks the third store opening in three months in Bahrain, strengthening its presence across the Gulf Cooperation Council (GCC). Strategic Market, Huge Potential Bahrain is one of the six countries of the GCC, presenting a dynamic and potential market with a surging demand for health and beauty products, driven by a predominantly young population – over two-thirds of Bahrainis are under the age of 35 – who are pursuing high-quality products. Increased awareness of beauty trends, influenced by social media and lifestyle shifts, has led customers to greater spending on personal grooming. As a trusted beauty expert, Watsons is well-positioned to bring world-class brands and products that meet their needs, ensuring a seamless O+O (Offline plus Online) customer experience while celebrating and enhancing Arabic beauty. With a projected market growth of USD38.8 million at a compound annual growth rate of 5% from 2024 to 2029, Bahrain presents an exciting opportunity for Watsons as part of its expansion strategy. Dr. Malina Ngai, Group CEO of AS Watson Group , expressed her excitement about this milestone, "The expansion of Watsons health and beauty retail experience into Bahrain is an important milestone in our commitment in the GCC region. Just as important, this new flagship store further strengthens our partnership with Al-Futtaim Group to serve customers in this vibrant region where high-quality beauty and health products are increasingly in demand." Mr. Simon Naga, V ice President of Al-Futtaim Group , emphasised the strategic importance of this expansion, "The opening of our flagship Watsons store in Bahrain is a testament to our commitment to enhancing customer experiences across the region. As we continue to expand our footprint in the GCC market, we focus on delivering innovative retail solutions that meet the evolving needs of consumers." Watsons is "Where Beauty Comes to Shine" The 200-square-meter flagship store leverages Bahrain's strategic location in the Gulf, showcasing over 200 local and international brands across meticulously designed zones. Key areas include the innovative Derma Zone, which features internationally-renowned products alongside personalised skincare recommendations, and the enticing Skincare Zone, where customers can explore popular K-beauty and J-beauty brands. Additionally, the store includes a chic Makeup Zone and Sustainable Zone, each thoughtfully tailored to meet a diverse range of customer needs. As Watsons continues to expand, it remains committed to delivering exceptional customer experiences and high-quality products that empower customers to Look Good, Do Good, and Feel Great. MENAFN29122024003551001712ID1109040284 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.Avior Wealth Management LLC Sells 205 Shares of Meta Platforms, Inc. (NASDAQ:META)
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