UnitedHealth Group CEO Andrew Witty steps down, company suspends annual forecast

"We are grateful for Andrew's stewardship of UnitedHealth Group, especially during some of the most challenging times any company has ever faced," Hemsley said in a release. The company said its decision to pull its guidance was partly due to higher medical costs, which dragged down other insurance stocks. Shares of both CVS Health dropped nearly 3% and shares of Elevance Health fell more than 3%, while Humana's stock slid more than 2% and shares of Cigna lost more than 1%. Andrew Witty, CEO of UnitedHealth ...