UnitedHealth CEO Andrew Witty unexpectedly steps down as insurer suspends financial outlook

[BumRushDaShow]

Source: NBC News

Updated on: May 13, 2025 / 9:17 AM EDT


UnitedHealth CEO Andrew Witty is resigning from his position for personal reasons, the insurance company announced on Tuesday.

UnitedHealth also said that it would suspend its 2025 financial outlook due to higher-than-expected medical costs. The move to withhold guidance followed its first quarterly earnings miss in more than a decade. The company did not immediately respond to a request for comment.

"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," Witty said in a statement. Witty was named UnitedHealth's CEO in February 2021. Stephen Hemsley was appointed as CEO "effective immediately," the health care giant said Tuesday. Hemsley previously served as UnitedHealth CEO from 2006 to 2017. He will retain his role as chairman of the company's board.

Shares of the Minnesota-based company have plunged since the death of former CEO Brian Thompson, who was shot and killed outside a hotel in midtown Manhattan in December. Thompson served as CEO of UnitedHealthcare, the insurance arm of UnitedHealth Group, from April 2021 to his death.

Read more: https://www.cbsnews.com/news/unitedhealth-ceo-andrew-witty-resigns/

[SSJVegeta]

1. So youre telling me that Luigi killled mor than the CEO?

Murdering an insurance company in this country is way worse than murdering a person. They gonna kill him for sure.

[Mawspam2]

2. The murder of Thompson is just an excuse to...

...blame years of their financial shenanigans on.

[Stargazer99]

3. Health care should never be in for profit because somebody has to die or be disabled for more profits

I expected the whine - how much you want to bet coverage will be short changed because profits are not big enough-critical thinking must be stopped otherwise how will those profits become bigger and bigger?

[Aristus]

4. I wonder if the guy started seeing red targeting lasers on him when he's out and about.

Yeah, time to move down to a less prominently evil position, Dude...

[progree]

5. Another to add to my "Minnesota Pride" list: Michelle Bachmann, Pete Hegseth, Derek Chauvin, and UnitedHealth

Shares of the Minnesota-based company

As a reminder for people, like me, overwhelmed by names to remember, Derek Chauvin is the Minneapolis cop who murdered George Floyd

‘He’s not getting out’: [MAGA] Calls for Trump to pardon Derek Chauvin slammed by state AG who says former cop ‘still owes Minnesota 22 1/2 years’
https://lawandcrime.com/high-profile/hes-not-getting-out-calls-for-trump-to-pardon-derek-chauvin-slammed-by-state-ag-who-says-former-cop-still-owes-minnesota-22-1-2-years/

the state AG is Keith Ellison

[James48]

6. When Trump killed the drug price likts that Biden put in place

Suddenly Health care costs more?

Who could have guessed that?

[mdbl]

7. It's not so easy to run an insurance scam when you have to start paying claims

[progree]

8. UnitedHealth stock closed down 17.8% today, taking the Dow down with it while the other major market indices were

positive for the day.

https://finance.yahoo.com/
https://finance.yahoo.com/news/unitedhealth-group-stock-sinks-as-ceo-steps-down-company-suspends-guidance-135257453.html