UnitedHealth Group Inc. tumbled after warning its annual profit would be hit harder than Wall Street was expecting, the latest in a series of disappointments from an insurer once known for its reliable growth and predictability.
Stephen Hemsley never fully dropped the reins when he stepped down as UnitedHealth Group Inc.’s chief executive officer eight years ago. With the health giant in crisis, he’s taking back his old job – and confronting one of the toughest turnaround tasks any executive has ever faced.
Millions of Americans who bought insurance to help them pay for nursing or home-health care are now facing a tough call.
