suspended its annual forecast citing higher-than-expected medical costs and said CEO Andrew Witty has decided to step down for personal reasons, effective immediately
Stephen Hemsley, who served as CEO from 2006-2017, will take over from Witty.
Yeah, I can’t say for sure. Where I work, the health insurance is ‘self-funded’, so they’re always bitching about medical costs. It just feels like UnitedHealthCare would use different terminology for policy payouts. Like “unforeseen business costs” or some corporate doublespeak like that.
No 2 week notice?
Nobody wants to work anymore.
This probably means medical costs for employee insurance, not that they’ve been actually providing insurance to policyholders.
I read that as “we’re denying fewer claims because that was the reason our CEO got shot.”
Yeah, I can’t say for sure. Where I work, the health insurance is ‘self-funded’, so they’re always bitching about medical costs. It just feels like UnitedHealthCare would use different terminology for policy payouts. Like “unforeseen business costs” or some corporate doublespeak like that.