The CEO of the UNITEDHELTH GROUP Group stepped down where the insurance giant is withdrawn for the year 2025
Andrew Weii suddenly stepped as an executive president UNITEDHELHELTH GroupThe largest healthcare company in America, which recorded revenues of $ 400.3 billion in 2024, when the company said it was not specific “personal reasons”. UNITEDHELHE recently reported a decrease in profits that sent the stock price by 22 % in one day. In pre -market trading, the stock is over 10 % as investors saw the news a sign of the next worst performance.
Stephen Hemsli, the chairman and former CEO, will return as CEO and remain president. Hemsley managed the company from 2006 to 2017, as it supervised many integrations and acquisitions that made UNITEDHELTH giant.
The company, the largest seller in America, attracted health care insurance, newspaper headlines and controversy last December when one of the senior executives, Brian Thompson, was killed on a berth in New York City. The costs of the bullets had the phrase “denial”, “Defend” and “DePose” scattered, and the words sometimes used to describe how insurance companies avoid payment of claims. Anger almost immediately swelling on social media – not against Tomson’s murderer but against Thompson and UNITEDHEELTH.
The company said that its amazing weak performance in the first quarter was the result of the “growing care activity” in its insurance work – more than people who need more care than expected. When UNITEDHELHE announced these results in mid -April, she sharply reduced her expected profits for this year. Now, with the advertisement of smart curvature, the company withdrew any instructions for 2025 because it is, as it says, the direction of more patients who need more care continues. UNITEDHELTH has grown strongly for years, but it seems that he does not expect to grow at all in 2025; The company said it “expects to return to growth in 2026”.
It is an amazing transformation of the largest company in the largest economy in the world. UNITED Health is currently in the Fortune 500 list of the largest companies in America through revenues, and No. 8 on Fortune Global 500.
The big question now is whether the problems of UNITEDHELTH reflect the trends in the industry, as their size and diversity may suggest unparalleled, or whether the problems are unique to the company, which is likely to strike its shares more.
This story was originally shown on Fortune.com
