UnitedHealth Suspends 2025 Outlook, CEO Steps Down

By The Financial District
23 minutes ago
1 min read

UnitedHealth Group has withdrawn its 2025 outlook and announced the resignation of CEO Andrew Witty, less than a month after slashing its guidance.

Shares of UnitedHealth plunged 18% on the news. I Photo: UnitedHealth

The move underscores ongoing uncertainty in its Medicare Advantage business, Josh Nathan-Kazis and Elsa Ohlen reported for Barron’s Daily.

Shares of UnitedHealth plunged 18% on the news, dragging down peers like CVS Health, Elevance, and Humana. The company cited “personal reasons” for Witty’s departure.

He will be succeeded by Stephen Hemsley, board chairman and former CEO from 2006 to 2017. UnitedHealth weighed heavily on the Dow Jones Industrial Average, which closed 0.6% lower.

The S&P 500 and Nasdaq, by contrast, ended the day in positive territory.