CEO of UnitedHealth Group Resigns and Halts Forecast for 2025 due to Unexpectedly High Medical Expenses

    UnitedHealth Group CEO steps down; suspends 2025 outlook on higher-than-expected medical costs
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    The logo for UnitedHealth Group appears above a trading post on the floor of the New York Stock Exchange, Thursday, April 17, 2025. (AP Photo/Richard Drew) (Richard Drew, Copyright 2025 The Associated Press. All rights reserved.)

    UnitedHealth CEO Andrew Witty is stepping down for personal reasons and the nation’s largest health insurer suspended its full-year financial outlook due to higher-than-expected medical costs.

    UnitedHealth said Tuesday that Chairman Stephen Hemsley will become CEO, effective immediately.

    Hemsley was UnitedHealth Group CEO from 2006 to 2017. He will remain chairman of the company’s board. Witty will serve as a senior adviser to Hemsley.

    UnitedHealth said that it suspended its 2025 outlook as medical costs of many Medicare Advantage beneficiaries new to UnitedHealthcare were higher than expected.

    UnitedHealth anticipates returning to growth next year.

    Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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