Apr 16, 2019

UnitedHealth CEO denounces "Medicare for All" proposals

UnitedHealth Group collected $60 billion of revenue in Q1. Photo: UnitedHealth Group

UnitedHealth Group CEO Dave Wichmann said today on an earnings call that Democrats' "Medicare for All" proposals would result in the "wholesale disruption of American health care" and "would surely jeopardize the relationship people have with their doctors."

Between the lines: Wichmann felt the need to address Medicare for All because the threat of moving to a single-payer system has crushed industry stock prices recently. But his comments also overshadowed the fact that UnitedHealth, the largest health insurance and services conglomerate in the country, beat Wall Street's expectations with $3.5 billion of profit in the first quarter.

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8 mins ago - Technology

Cisco, Sony postpone events amid continued protests

Screenshot: Axios (via YouTube)

Cisco said Monday night that it is postponing the online version of Cisco Live, its major customer event, amid the ongoing protests that have followed the killing of George Floyd.

Why it matters: Cisco joins Sony, Electronic Arts and Google in delaying tech events planned for this week.

14 mins ago - Technology

Twitter suspends fake antifa account tied to white nationalists

Twitter said Monday that it has suspended an account named "ANTIFA_US" which it says was tied to the white nationalist group Identity Evropa. Over the weekend, the account had called for violence and its posts had widely circulated online.

Why it matters: It's the latest example of social media being used to exploit and sharpen the very real divisions in American society. It's also the latest example of Twitter more aggressively rooting out false information on its platform.

Updated 29 mins ago - Politics & Policy

The latest: George Floyd protests nationwide

Police officers wearing riot gear push back demonstrators outside of the White House on Monday. Photo: Jose Luis Magana/AFP via Getty Images

Protests over the death of George Floyd and other police-related killings of black people continued for a seventh day across the U.S., with President Trump threatening on Monday to deploy the military if the unrest continues.

The latest: Washington, D.C., Mayor Muriel Bowser criticized federal police in a tweet Monday night for using munitions earlier in the day "on peaceful protestors in front of the White House, an act that will make the job of (DC Police Department) officers more difficult." "Shameful!" she added as she urged residents to go home and stay safe.