UnitedHealth's Stock Takes a Dive

UnitedHealth Group Inc. experienced a dramatic 20% drop in premarket trading following a disappointing first quarter 2025 earnings report. The company cited rising costs associated with increased medical care among older adults as a primary concern.

Leadership Responds to Challenges

CEO Andrew Witty acknowledged the company's expansion efforts but admitted falling short of targets. He emphasized proactive measures to address current challenges and foster future growth. This comes amid a Senate committee inquiry into the company's Medicare Advantage billing practices, raising questions about potential fraud.

A Tragic Turn of Events

The company also mourns the loss of UnitedHealthcare CEO Brian Thompson, who was fatally shot in a targeted attack in Manhattan. The suspect faces murder charges, with prosecutors seeking the death penalty.

At 6:30 am ET, UnitedHealth's shares were down 20.26%, trading at $465.60.