• Newswire
  • People and Stories
  • SMB Press Releases
Wednesday, December 17, 2025
  • Login
  • Register
No Result
View All Result
  • Newswire
  • People and Stories
  • SMB Press Releases
No Result
View All Result
Press Powered by Creators

UnitedHealth Group abruptly replaces CEO Andrew Witty, deepening a terrible year : NPR

The Owner Press by The Owner Press
May 14, 2025
in Newswire
Reading Time: 9 mins read
A A
0
Share on FacebookShare on Twitter


Former UnitedHealth CEO Andrew Witty testifies before the Senate Finance Committee in May 2024, over a massive data breach at his company's Change Healthcare. UnitedHealth's business and reputational problems have mounted since then, and Witty resigned "for personal reasons" on Tuesday. (Photo by Kent Nishimura/Getty Images)

Former UnitedHealth CEO Andrew Witty testifies earlier than the Senate Finance Committee in Might 2024, over an enormous knowledge breach at his firm’s Change Healthcare. UnitedHealth’s enterprise and reputational issues have mounted since then, and Witty resigned “for private causes” on Tuesday. (Photograph by Kent Nishimura/Getty Pictures)

Kent Nishimura/Getty Pictures/Getty Pictures North America


disguise caption

toggle caption

Kent Nishimura/Getty Pictures/Getty Pictures North America

UnitedHealth Group abruptly changed CEO Andrew Witty on Tuesday, as the sweeping problems dealing with the corporate and business deepened.

NEW YORK, NEW YORK - DECEMBER 19: People demonstrating against the healthcare industry stand outside Federal Criminal Court as Luigi Mangione, suspect in the killing of UnitedHealthcare CEO Brian Thompson, appears during an arraignment hearing on December 19, 2024 in New York City. (Photo by John Lamparski/Getty Images)

Health care advocates are shown protesting care denials at UnitedHealthcare's offices on July 15, 2024 in Minnetonka, Minnesota.

Witty resigned “for private causes,” UnitedHealth said. He was changed, efficient instantly, by the corporate’s former CEO and present chairman, Stephen J. Hemsley. A UnitedHealth spokesperson declined to remark additional.

Shares in UnitedHealth plunged greater than 16% by late morning Tuesday.

The huge well being care conglomerate is likely one of the largest corporations on this planet — and, not too long ago, one of the crucial publicly troubled. It owns Change Healthcare, a funds processor utilized by hospitals, docs and pharmacists. A massive cyberattack last year paralyzed swaths of the whole U.S. well being care system, affecting an estimated 100 million folks.

A killing that shocked the nation

It additionally owns UnitedHealthcare, the most important U.S. well being insurer, whose CEO, Brian Thompson, was shot and killed in Manhattan in December.

The killing sparked a widespread consumer backlash over the excessive prices and denied claims of U.S. health care. The alleged shooter, Luigi Mangione, is dealing with the death penalty and has pleaded not guilty to 4 federal fees.

The fury in opposition to well being insurers is so pervasive that some folks view Mangione as a vigilante people hero. A web based fundraiser for his authorized prices has raised greater than $1 million.

Since December, Witty has tried to deal with among the anger in opposition to his firm and his business. “We perceive and share the need to construct a well being care system that works higher for everybody,” he wrote in a New York Occasions op-ed in December.

Huge Well being Care’s monetary issues are mounting

However in the end, it was UnitedHealth’s worsening monetary issues that appeared to finish Witty’s four-year tenure. The corporate and its opponents have been facing rising prices within the Medicare Benefit companies that permit non-public insurers to gather authorities funds for managing the care of seniors. These applications had been once widely seen as money-makers for giant well being insurers.

However now Medicare-related issues seem to have value a number of large well being care CEOs their jobs. CVS Well being, the proprietor of Aetna and one among UnitedHealth’s high opponents, in October abruptly replaced its CEO, Karen Lynch.

UnitedHealth on Tuesday also said it was suspending its 2025 outlook, “as care exercise continued to speed up.” UnitedHealth additionally stated it was dealing with “increased than anticipated” medical prices in its Medicare Benefit enterprise.

In different phrases: The senior residents that UnitedHealth insures by means of its massive Medicare enterprise are going to the physician greater than anticipated, rising the corporate’s prices of offering care.



Source link

Tags: AbruptlyAndrewCEOdeepeninggroupNPRReplacesterribleUnitedHealthWittyyear
Share30Tweet19
Previous Post

What tennis reveals about AI’s impact on human behaviour

Next Post

Trump Delivers Middle East Policy Speech, Announces Investment Deals in Riyadh

Recommended For You

How McIlroy won The Masters to complete career Grand Slam! | Story of Rory's final round
Newswire

How McIlroy won The Masters to complete career Grand Slam! | Story of Rory's final round

by The Owner Press
April 14, 2025
Ligue 1: PSG faces a tough trip to Lille
Newswire

Ligue 1: PSG faces a tough trip to Lille

by The Owner Press
October 8, 2025
Wearable Biosensor for Holistic Health Monitoring
Newswire

Wearable Biosensor for Holistic Health Monitoring

by The Owner Press
July 24, 2025
EU proposes using frozen Russian assets to provide €90 billion to Ukeraine
Newswire

EU proposes using frozen Russian assets to provide €90 billion to Ukeraine

by The Owner Press
December 4, 2025
The rise of the panicans
Newswire

The rise of the panicans

by The Owner Press
April 28, 2025
Next Post
Trump Delivers Middle East Policy Speech, Announces Investment Deals in Riyadh

Trump Delivers Middle East Policy Speech, Announces Investment Deals in Riyadh

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LEARN FROM TOP VERIFIED OWNERS

Take a free live Course in the Metaverse

Take a free live Course in the Metaverse

User Avatar The Owner Press
Book an Office Hour

Related News

Is butter bad for you? 

Is butter bad for you? 

March 8, 2025
You Ask, We Answer! Yung Miami Posed For the ‘Gram in a Pink Multicolor Superdown Mini Dress with $900 Cobalt Blue Vivienne Westwood Boots

You Ask, We Answer! Yung Miami Posed For the ‘Gram in a Pink Multicolor Superdown Mini Dress with $900 Cobalt Blue Vivienne Westwood Boots

April 3, 2025
Angélica Fuentes of Nowful Reveals Her Self-Care Secrets: Affirmation Cards, Meditation, and Green Beverages

Angélica Fuentes of Nowful Reveals Her Self-Care Secrets: Affirmation Cards, Meditation, and Green Beverages

September 20, 2025

The Owner School

December 2025
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031  
« Nov    

Recent Posts

In Vietnam, the dark side of artisanal recycling

In Vietnam, the dark side of artisanal recycling

December 17, 2025
Thames Water defers payment of controversial £2.5m retention awards | Money News

Thames Water defers payment of controversial £2.5m retention awards | Money News

December 16, 2025
‘Urgent’ review announced into foreign interference in British politics | Politics News

‘Urgent’ review announced into foreign interference in British politics | Politics News

December 16, 2025

CATEGORIES

  • Newswire
  • People and Stories
  • SMB Press Releases

BROWSE BY TAG

Australia big Cancer China climate Cup deal Donald Entertainment Football French Gaza government Health League live Money News NPR people Politics reveals Science scientists Season Set show Star Starmer Study talks tariffs Tech Time Top trade Trump Trumps U.S Ukraine War White win World years

RECENT POSTS

  • In Vietnam, the dark side of artisanal recycling
  • Thames Water defers payment of controversial £2.5m retention awards | Money News
  • ‘Urgent’ review announced into foreign interference in British politics | Politics News
  • Newswire
  • People and Stories
  • SMB Press Releases

© 2024 The Owner Press | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Newswire
  • People and Stories
  • SMB Press Releases
  • Login
  • Sign Up

© 2024 The Owner Press | All Rights Reserved