Bill McGuire speaks

Minneapolis, Minn. — UnitedHealth Group CEO Bill McGuire has been under some scrutiny lately because of his billion-dollar stock option compensation.

It was disclosed he was given stock options dated on the best possible day during 1997, 1999, and 2000. The timing of the options has raised the question of whether they were backdated.

McGuire has defended stock options, and talked about the controversy during a speech Monday morning in Minneapolis to the annual conference of the Society of American Business Editors and Writers.

McGuire also talked about the future of American health care system.