The CEO of UnitedHealth Group defended the company's role in the U.S. health care system days after a report said the company made huge profits by significantly marking up the cost of lifesaving drugs.

Revenue grew to over $400 billion, but still missed growth targets.

The CEO of UnitedHealth Group has defended its role in America's health system as the company posted its first earnings results since the murder of one of its top executives. Sir Andrew Witty spoke to analysts as the firm reported mixed results,

But high medical costs contributed to results that disappointed Wall Street, and the company’s stock fell on the news that it had made less than analysts expected.

UnitedHealth Group reported $14.4 billion in 2024 profits as its UnitedHealthcare health insurance and Optum provider services overcame rising costs and a cyberattack.

UnitedHealth posted a better-than-expected fourth-quarter profit, but a nagging rise in medical costs and care utilization surprised Wall Street.