Trying to reset its declining finances, UnitedHealth Group’s massive health insurance business will drop some Medicare Advantage health plans next year, impacting more than 600,000 people. The Eden Prairie-based health care giant could also exit portions of the “Obamacare” market where individuals use Affordable Care Act (ACA) tax credits to buy coverage.

UnitedHealth Group reported second quarter earnings Tuesday, for the first time not serving as the bellwether for the industry.

UnitedHealth’s 2025 earnings guidance fell well short of Wall Street estimates, in the latest setback for the company.

UHG says it’s confident in its business practices and has begun complying with formal civil and criminal DOJ requests.

UnitedHealth Group said Thursday it is facing Department of Justice investigations over its Medicare billing practices and is fully cooperating with it.

Investors will be looking for a path to a turnaround from UnitedHealth’s earnings release, after an abrupt CEO change and over 40% drop in the company’s stock.

The healthcare giant’s stocks slid on Thursday morning, extending a downward trend that began after the fatal shooting of UnitedHealthcare CEO Brian Thompson in December