The company said that Mr. Witty had left the job for personal reasons. Stephen Hemsley, the company’s executive chairman, will replace him.
Category: Insurance
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U.S. Prosecutors Accuse Large Insurers of Paying Kickbacks for Private Medicare Plans
The Justice Department accused large insurers of colluding with national brokers to steer older people and those with disabilities toward coverage that might not offer the best medical care.
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Obamacare Could See Big Changes in 2026
A proposed rule would restrict “eligibility, enrollment and affordability” in plans under the Affordable Care Act, health policy analysts say.
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Florida Seeks Drug Prescription Data With Names of Patients and Doctors
The state’s insurance regulator has demanded detailed information about patients and their medications, raising privacy concerns.
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California’s FAIR Plan Gets $1 Billion Bailout After L.A. Fires
The move will likely lead to higher costs for households across the state, and may push more insurers to leave, intensifying a home insurance crisis.
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L.A. Wildfires Lay Bare an Insurance Crisis
Even before the latest blazes, California officials warned that an emergency state insurance fund was in trouble, while private insurers dropped coverage.
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The Costs of the Los Angeles Fires
Damages are now estimated to reach up to $57 billion. The blazes add to a string of climate-related catastrophes hitting businesses and homeowners.
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‘Delay, Deny, Defend’: United Has Faced Scrutiny Over Denying Claims
The company has been accused of using algorithms to deny treatments and refusing coverage of nursing care to stroke patients.
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Human in Bear Suit Was Used to Defraud Insurance Companies, Officials Say
Footage of a bear rifling through luxury cars was submitted to insurance companies, which paid out $140,000. But something seemed off.
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Lahaina Fire Settlement is Caught up in Legal Fight With Insurers
Insurers that paid claims in Maui say a deal unfairly keeps them from recouping their own losses.
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Berkshire Continues Retreat From Stocks
The conglomerate reported on Saturday that it had cut its holdings in Apple and Bank of America and increased its cash to a record high in the third quarter.
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It’s Time to Shop for Medicare, and 2025 Brings Big Changes
A bumper crop of revisions, including a stronger drug benefit, means the plan you enrolled in for 2024 may not be the best fit next year.