One of America's biggest companies is imploding
UnitedHealth Group, America&rsquos largest health insurer and a member of the Dow Jones Industrial Average, is facing a stunning downfall marked by the abrupt resignation of CEO Andrew Witty, the abandonment of its 2025 financial guidance, and a federal criminal investigation into possible Medicare fraud. Witty&rsquos sudden departure, officially for &ldquopersonal reasons,&rdquo has fueled speculation about internal turmoil. UnitedHealth&rsquos share price has plummeted, losing over $288 billion in market value within a month, reaching its lowest point since April 2020.The Wall Street Journal revealed that the Department of Justice&rsquos healthcare-fraud unit is probing UnitedHealth&rsquos Medicare Advantage program. Although UnitedHealth denies receiving formal notice of an investigation and criticized the Journal&rsquos report as &ldquodeeply irresponsible,&rdquo the situation has deeply shaken investor confidence. The company is also under scrutiny from several federal agencies, including the IRS, Labor Department, and SEC. Analysts suggest that the damage may take years to repair, with Bank of America downgrading the stock.To stabilize the company, UnitedHealth has reinstated former CEO Stephen Hemsley, who led the firm through years of success from 2006 to 2017.To stabilize the company, UnitedHealth has reinstated former CEO Stephen Hemsley, who led the firm through years of success from 2006 to 2017. Hemsley acknowledged the company&rsquos setbacks and apologized to stakeholders, signaling his commitment to restoring stability. Analysts and leadership experts have praised the move, calling Hemsley the right leader for this critical period. Still, with mounting legal pressures and reputational harm, UnitedHealth faces a long and uncertain road to recovery.