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The Independent UK
The Independent UK
World
Isabel Keane

UnitedHealthcare CEO steps down as stock and earnings tank

UnitedHealth Stephen Hemsley UnitedHealthcare Andrew Witty UnitedHealth Group Brian Thompson Luigi Mangione
Andrew Witty announced his shock departure from the health care giant. - (Getty Images)

UnitedHealth Group announced on Tuesday that its CEO, Andrew Witty, would be stepping down for “personal reasons,” as the nation’s largest health insurer suspended its full-year financial outlook due to surging medical costs.

Chairman Stephen Hemsley, who served as CEO from 2006 to 2017, will be returning to the role, effective immediately, the company added.

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