UnitedHealth Group, Brian Thompson
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The company’s stock has declined over its financial performance and the sudden replacement of its CEO.
UnitedHealth Group announced that CEO Andrew Witty is stepping down due to 'personal reasons,' and former CEO Stephen Hemsley will replace him.
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Daily Express US on MSNUnitedHealth stocks plummet as CEO steps down in possible medicare fraud investigationDue to surging medical costs, the company also suspended its annual forecast, which forced shares to tumble by nearly 1% to a four-year low.
The executive earlier caused public outrage when he defended the insurance giant’s practice of denying health care claims.
UnitedHealth shares fell 22% on April 17, wiping out about $119 billion of market value, after the insurer cut its 2025 forecast.
UnitedHealth Group, Inc. UNH has fallen nearly 50% over the past month, fueled by a series of negative catalysts. Several analysts have slashed price targets on the stock, but one analyst has seen enough and downgraded UnitedHealth on Wednesday.
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The Mirror US on MSNUnitedHealth Group under criminal investigation over possible fraudIt was announced Wednesday night that the Justice Department has opened a criminal investigation into UnitedHealth Group over possible criminal Medicare fraud