Health insurers slip after UnitedHealth suspends 2025 forecast

** Shares of health insurers fall in premarket trading, after UnitedHealth Group UNH.N suspends its 2025 forecast, citing higher-than-expected medical costs

** Shares of UNH fall 8.2% to $351.65, CVS Health CVS.N down 2.9%, Humana HUM.N slip 2.7%, Elevance Health ELV.N drop 1.9%, Centene CNC.N down 1.2%, Molina Healthcare MOH.N fall 1.2% and Cigna CI.N drop 1.1%

** UNH also says its CEO Andrew Witty has decided to step down for personal reasons, effective immediately

** Last month, UNH cut its 2025 adjusted profit forecast to a range of $26 to $26.50 per share from between $29.50 and $30 per share projected earlier

** As of last close, UNH down 25%, CVS up 44.4%, HUM down 0.2%, ELV up 13%, CNC up 3.8%, MOH up 15.6%, CI up 14.3% YTD