UnitedHealth probed by DoJ for potential Medicare fraud
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UnitedHealth Group CEO steps down
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Seeking Alpha analysts piled up bullish views on UnitedHealth Group (NYSE:UNH) as the stock crashed ~13% on Thursday after a report on a criminal investigation initiated by the Department of Justice added to the company’s latest woes.
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,
UnitedHealth Group announced that CEO Andrew Witty is stepping down due to 'personal reasons,' and former CEO Stephen Hemsley will replace him.
The executive earlier caused public outrage when he defended the insurance giant’s practice of denying health care claims.
UnitedHealth Group Chairman Stephen Hemsley is returning to helm the health care conglomerate once again. He will replace Andrew Witty effective immediately.
A group of investors this week filed a proposed class-action lawsuit against UnitedHealth Group, alleging that the company withheld information following the murder of UnitedHealthcare CEO Brian Thompson last December.