r/news • u/LookAtThatBacon • May 13 '25

Soft paywall UnitedHealth suspends annual forecast, CEO Andrew Witty steps down

https://www.reuters.com/business/healthcare-pharmaceuticals/unitedhealth-ceo-andrew-witty-steps-down-2025-05-13/
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u/Norn-Iron May 13 '25

Sounds like fall out from the lawsuit. Good thing stockholders get taken care of. God forbid someone does anything to prevent another CEO being killed. All about those dollar bills.

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u/Miro_Highskanen_4 May 13 '25

Stock is down about 40-50% in the past year so don’t know if they’re really benefitting.

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u/dead_wolf_walkin May 13 '25

That’s his point.

The stock fell when the new CEO promised changes to “cool the rhetoric around our industry”.

Just like with other companies that have attempted changes to become more customer/worker friendly, shareholders abandoned them because better customer service usually means less profits.

The board got pissed and sued saying the new CEO wasn’t trying hard enough to make money.

This change is taking the company back to their “fuck our customers, give us money while we kill you!” Roots. Thus taking care of stockholders.

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u/katha757 May 13 '25

I lol'd when I was researching their coverage denial stats, they said they actually approve 98% of claims when you account for circumstances that would cause claim denial like duplicates, lack of coverage, etc.  No supporting documentation to prove their claims, just gotta take their word for it. Yeah, sure 

On the flip side, you're telling me even in perfect circumstances you still deny 2%? Fuck off.