Highlights:
UnitedHealth CEO Andrew Witty unexpectedly stepped down for “personal reasons,” prompting former CEO Stephen Hemsley to return as chief executive.
The announcement follows months of turmoil, including the fatal December shooting of UnitedHealthcare’s CEO and ongoing Justice Department investigations.
UnitedHealth’s stock plunged 17%, and the company suspended its 2025 financial outlook due to higher-than-expected Medicare Advantage medical costs.