UnitedHealth CEO Andrew Witty resigns for 'personal reasons' six months after Luigi Mangione shooting

The UnitedHealth Group CEO Andrew Witty has dramatically announced his resignation aft the steadfast reported a mediocre fiscal outlook successful its 2025 forecast. 

Witty has overseen the healthcare elephantine since February 2021, and managed the situation aft UnitedHealthcare CEO Brian Thompson was assassinated successful Manhattan successful December 2024. 

Witty's departure was announced Tuesday arsenic the institution announced its 2025 fiscal forecast, with his resignation sending shares down 8 percent premarket. 

It comes a period aft UnitedHealth posted its archetypal net miss since 2008 successful April and warned shareholders it was lowering its yearly net outlook, citing 'unanticipated changes' successful the healthcare industry. 

A surge successful request for healthcare services for Medicare recipients nationwide has chopped into profits for galore providers, with Witty's resignation besides sending the stock prices of different wellness insurers specified arsenic Humana and Elevance down connected Tuesday. 

The healthcare industry-at-large is besides inactive suffering from a unsmooth 2024 amid little authorities payments, elevated aesculapian costs and nationalist backlash to the assemblage aft Thompson's slaying. 

The assassination brought a question of outrage from disgruntled patients who claimed they were undercut oregon wounded by the insurer's policies, which caused its banal to nosedive astatine the time. 

Last month, UnitedHealth shareholders launched a suit against the institution for allegedly concealing however backlash from the sidesplitting wounded its concern and profits.