Mangione is accused of gunning down UnitedHealthcare CEO Brian Thompson. Luigi Mangione should stand trial in State Supreme Court in New York starting July 1, at least three months ahead of when the accused killer could stand trial in federal court, the Manhattan district attorney's office said in a letter Wednesday.

The health insurance sector saw a deep sell-off Tuesday, led by a plunge in UnitedHealth Group (UNH) shares, as the Trump administration proposed a lower-than-expected increase to 2027 Medicare Advantage plans.

UnitedHealth Group CEO Stephen Hemsley vowed to rebate Affordable Care Act profits to customers in 2026. The Minnesota-based insurance giant, which provides insurance coverage to about 1 million individuals enrolled in Obamacare plans in 30 states, will rebate 2026 profits to these customers, Hemsley said.