UnitedHealth, Stephen Hemsley
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UnitedHealth Group announced a dramatic leadership shakeup, with former CEO and current chairman Stephen Hemsley stepping back into the top job following the abrupt resignation of Andrew Witty. The move comes at a time of escalating crises for the healthcare giant — including the recent fatal shooting of Brian Thompson,
Andrew Witty, UnitedHealth Group CEO, abruptly resigned today, six months after UnitedHealthcare CEO Brian Thompson was shot and killed in Manhattan by Luigi Mangione, which sparked a national uproar over health care in America.
The executive earlier caused public outrage when he defended the insurance giant’s practice of denying health care claims.
1don MSN
UnitedHealth Group CEO Andrew Witty is stepping down from his post for personal reasons and the health care giant says it’s suspending its full-year forecast due to higher-than-expected medical costs.
The lawsuit, which seeks class action status, alleges that UnitedHealth and its executives didn’t properly warn investors about how the killing of UnitedHealthcare CEO Brian Thompson would affect its business.
UnitedHealth shares fell 22.4% on April 17, wiping out about $119 billion of market value, after the insurer lowered its 2025 forecast.