UnitedHealth Group Shares Fall
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UnitedHealth Group, stephen hemsley and CEO Andrew Witty
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Stephen Hemsley hasn’t been CEO at UnitedHealth Group in nearly a decade yet he’s never really left. Hemsley, 72, has remained chairman and a major shareholder in the health care behemoth — and now is back in the CEO
UnitedHealth Group announced a dramatic shakeup, with former CEO and current chairman Stephen Hemsley stepping back into the top job following the abrupt resignation of Andrew Witty. Witty, who led UnitedHealth since 2021,
Medicare practices sent the stock diving again in early Thursday trading. The Justice Department is looking into potential Medicare fraud by the health insurer, according to a report in the Wall Street Journal,
UnitedHealth Group suspended its annual forecast on Tuesday and said CEO Andrew Witty has decided to step down for personal reasons, effective immediately. Shares of the company fell 3.6% to $365.10 in premarket trading.
UnitedHealth shares fell 22% on April 17, wiping out about $119 billion of market value, after the insurer cut its 2025 forecast.