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  /  World News   /  UnitedHealth Group CEO steps down, citing personal reasons

UnitedHealth Group CEO steps down, citing personal reasons

(NewsNation) — The CEO of UnitedHealth Group has stepped down, according to the company.

Andrew Witty has decided to step down immediately, due to “personal reasons.” The company quickly announced his predecessor as Stephen J. Hemsley, who was the CEO from 2006 to 2017. He joined UnitedHealth Group as COO in 1997 before becoming president in 1999.

Witty said, “Leading the people of UnitedHealth Group has been a tremendous honor as they work every day to improve the health system, and they will continue to inspire me.”

Hemsley will remain the chairman of UnitedHealth Group’s board of directors, while Witty is planning to serve as Hemsley’s senior adviser.

UnitedHealth Group ‘grateful’ for Andrew Witty: New CEO

In a statement, Hemsley said, “We are grateful for Andrew’s stewardship of UnitedHealth Group, especially during some of the most challenging times any company has ever faced.” Hemsley is presumably referencing the killing of former UnitedHealthcare CEO Brian Thompson. UnitedHealthcare is the healthcare benefits branch of UnitedHealth Group.

Thompson’s shooting outside a Manhattan hotel in December brought more attention to the health care industry — specifically the cost of health insurance, health care and prescription drugs. The man accused of killing Thompson, Luigi Mangione, has been hailed as a hero by many people since the shooting.

Witty did admit in a New York Times essay in December that the health care system in the U.S. “is not perfect” and that decisions made about coverage “are not well understood.”

Witty also said at the time, “The people of UnitedHealth Group are nurses, doctors, patient and client advocates, technologists and more. They all come to work each day to provide critical health services for millions of Americans in need.”

Luigi Mangione accused of killing former UnitedHealthcare CEO Brian Thompson

Mangione, 27, graduated from an Ivy League school and is facing separate federal and state murder charges in the former CEO’s killing. If convicted, he could face life in prison, or possibly the death penalty.

A federal grand jury indicted Mangione in Manhattan on four counts of stalking, the use of interstate facilities, murder through the use of a firearm and firearms offense. Mangione is in a federal jail in Brooklyn.

UnitedHealth Group also announced Tuesday that it would be suspending the financial outlook for the year because costs for Medicare Advantage had been “higher than expected.”