UnitedHealth Group, one of America’s biggest corporations and a member of the exclusive Dow Jones Industrial Average, is suddenly unraveling.
The crisis engulfing UnitedHealth hit a crescendo this week when CEO Andrew Witty stepped down abruptly for “personal reasons.”
UnitedHealth also swiftly abandoned its financial guidance, blaming skyrocketing medical costs.
https://www.cnn.com/2025/05/15/business/unitedhealth-stock-ceo-investigation
by coinfanking
5 comments
Couldn’t have happened to a nicer company
Not really a surprise at this point: https://www.reuters.com/business/healthcare-pharmaceuticals/unitedhealth-under-criminal-probe-possible-medicare-fraud-wsj-reports-2025-05-14/
With the way United rakes hospital systems over the coals every year or few years to renegotiate LOWER re-imbursements to hospitals, I’m not surprised. The biggest systems stand their ground and United folds and pays them for the care they actually did provide, but United uses its (former?) power against smaller hospitals to lower the amount they’re reimbursed. United imploding couldn’t be happening to a more shitty insurer.
As someone who has United Healthcare insurance, sort of torn on this one. The company sucks and they deserve everything coming, but I have surgery coming up so I need them to still be able to pay my claims.
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