Medicare Fraud, UnitedHealth Group
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UnitedHealth Group, Andrew Witty and CEO
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UnitedHealth Group shares plunge 13% on report of DOJ probe into possible Medicare fraudUnitedHealth Group also had a tumultuous 2024, grappling with a historic cyberattack, higher-than-expected medical costs and the torrent of public blowback after the murder of UnitedHealthcare's CEO Brian Thompson.
UnitedHealth Group announced a dramatic shakeup, with former CEO and current chairman Stephen Hemsley stepping back into the top job following the abrupt resignation of Andrew Witty. Witty, who led UnitedHealth since 2021,
The executive earlier caused public outrage when he defended the insurance giant’s practice of denying health care claims.
Stephen Hemsley hasn’t been CEO at UnitedHealth Group in nearly a decade yet he’s never really left. Hemsley, 72, has remained chairman and a major shareholder in the health care behemoth — and now is back in the CEO
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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.
UnitedHealth Group Chairman Stephen Hemsley is returning to helm the health care conglomerate once again. He will replace Andrew Witty effective immediately.