UnitedHealth Group unexpectedly replaced CEO Andrew Witty with former CEO Stephen J. Hemsley amid rising financial troubles and public outrage. Witty, who resigned for personal reasons, led the company during challenging times including a cyberattack that affected millions and increasing consumer anger over high costs and denied claims. These issues were compounded by tragic events such as the December shooting of UnitedHealthcare's CEO, exacerbating discontent toward health insurers. The company continues to face financial challenges, especially concerning its Medicare Advantage business.
After four years of leading UnitedHealth, Andrew Witty's resignation comes amid growing financial troubles and significant backlash against health insurers in the U.S.
UnitedHealth recently confronted challenges, including a massive cyberattack and consumer outrage sparked by the killing of its previous CEO.
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