- UnitedHealth’s market capitalization plunged after disappointing earnings announcements.
- Aggressive business practices, regulatory changes and higher costs for Medicare patients contributed to UnitedHealth’s financial decline.
- CEO Andrew Witty, lacking U.S. insurance experience, was replaced by Stephen Hemsley, UnitedHealth’s chairman and former longtime chief.
https://www.wsj.com/health/healthcare/unitedhealth-ceo-andrew-witty-medicare-dde1964c