The War on Drugs Meets the War on High Drug Prices
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They say all publicity is good publicity, but with UnitedHealth, that's not necessarily the case. It has been five months since the company's top insurance executive was shot and killed on a Manhattan sidewalk, for example, but plenty of people — including our very own Matt Levine — are still talking about it. Meanwhile, on Tuesday, UnitedHealth CEO Andrew Witty suddenly stepped down 'for personal reasons,' prompting some depraved potshots on social media. None of this is good for UnitedHealth's bottom line. In addition abruptly replacing its CEO, the Minnesota-based company ditched its 2025 financial outlook, citing (irony alert) 'higher-than-expected medical costs.'
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