In 2025, UnitedHealth Group's stability is shaken as CEO Andrew Witty resigns for "personal reasons", replaced by former CEO Stephen J. Hemsley. The company has suspended its 2025 outlook citing increased care activity and unexpectedly high medical costs for Medicare Advantage. Following the announcement, UHG's stock fell nearly 18%, compounded by a recent lowered annual forecast and the tragic death of UnitedHealthcare CEO Brian Thompson. Social media pundits question the true reasons behind Witty's resignation, hinting at deeper board issues rather than personal matters.
Leading the people of UnitedHealth Group has been a tremendous honor as they work every day to improve the health system, and they will continue to inspire me.
While 'personal reasons' is the reason offered for Andrew Witty's departure, the suspension of guidance would suggest his departure is more to do with the personal reasons of the board rather than the boss.
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