US EditionUnitedHealth CEO Steps Down as Company Withdraws 2025 Financial Outlook
- UnitedHealth CEO Andrew Witty stepped down abruptly on May 13, 2025, as the company suspended its 2025 financial outlook due to rising medical costs.
- This leadership change followed a series of challenges including higher-than-expected Medicare Advantage expenses and the December 2024 killing of executive Brian Thompson.
- Stephen Hemsley, who previously led UnitedHealth between 2006 and 2017, returned immediately as CEO amid the company's first quarterly earnings miss since 2008.
- UnitedHealth covers over 50 million people, operates the largest Medicare Advantage business, and reported shares fell 38% since December, with an additional 8% drop on May 13.
- The company expects to resume growth in 2026, while investors view the CEO change as sudden and possibly a temporary measure amid mounting internal pressures.
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UnitedHealth sees a longtime bull throw in the towel after stock’s plunge
An analyst reluctantly downgraded UnitedHealth’s stock, as the price plunge and a suspended full-year outlook was just too much to hold a bullish stance. Article Attribution | Read More at Article Source The post UnitedHealth sees a longtime bull throw in the towel after stock’s plunge appeared first on RocketNews.
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On Tuesday, UnitedHealth Group announced that CEO Andrew Witty was stepping down. The announcement came from Witty as the company suspended its full-year financial outlook—because it believes that medical costs will be higher than forecast. UnitedHealth’s revenue was over $400 billion... The post CovertAction Bulletin: Trump Advances Right-Wing Agenda At Home and Abroad first appeared on CovertAction Magazine.
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