UnitedHealth Grew to Be a Leviathan. Then Came the Backlash.
The conglomerate was viewed as one of the most successful companies in
America, but patients are enraged and investors have lost faith in its
business model.
UnitedHealth Group emerged as a health care colossus over the past
decade and a half, earning one of the highest stock market values in
the nation. But in the last two years, it has been hit with just about
every misfortune that can befall a company:
A gargantuan cyberattack. Federal investigations, including a criminal
inquiry into one of its most important businesses. The killing of a
top executive. A public relations crisis. Disappointing profits. A
plummeting stock price.
In May, facing a collapse of confidence among investors and the public
at large, its chief executive, Andrew Witty, stepped aside, and the
company abruptly summoned its former C.E.O., Stephen Hemsley. Mr.
Hemsley, 73, agreed to serve a second stint for at least three years
in exchange for $60 million in stock options.
https://www.nytimes.com/2025/07/28/health/unitedhealth-grew-to-be-a-leviathan-then-came-the-backlash.html
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