Aug 16, 2017

UnitedHealth CEO Hemsley stepping down

AP file photo

UnitedHealth Group CEO Stephen Hemsley is stepping down from his role Sept. 1. David Wichmann, president of UnitedHealth, will take over as CEO. Hemsley will still hold some sway over the health care conglomerate as executive board chairman.

Why it matters: It's the changing of the guard at one of the largest health care companies in the country. Wichmann has been viewed as the ultimate successor to Hemsley, who has been CEO since 2006.

UnitedHealth's heft: Under Hemsley — one of the highest-paid health care CEOs in the country — UnitedHealth has grown into a dominant health insurer with its share of issues, including Medicare lawsuits and a full-scale exit of the Affordable Care Act exchanges. But it's more than just an insurance company. It also owns a pharmacy benefit manager, a data consulting firm and even physician practices and surgery centers. The company has its fingerprints on almost every corner of the health care system.

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Making sense of the UN's climate conference coronavirus delay

Illustration: Sarah Grillo/Axios

The scuttling of November's pivotal UN climate conference is the starkest sign yet of how coronavirus is throwing a wrench into efforts to combat global warming. But like the wider relationship between the coronavirus and climate initiatives, the ramifications are ... complicated.

Driving the news: UN officials announced Wednesday that the annual summit to be held in Glasgow, Scotland, is postponed until some unknown time next year.

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 a.m. ET: 952,171 — Total deaths: 48,320 — Total recoveries: 202,541Map.
  2. U.S.: Total confirmed cases as of 9 a.m. ET: 216,722 — Total deaths: 5,137 — Total recoveries: 8,672Map.
  3. Stimulus updates: Social Security recipients won't need to file a tax return to receive their checks.
  4. Jobs update: 6.6 million people filed for unemployment last week, a staggering number that eclipses the record set on March 26.
  5. Health updates: The Trump administration won't reopen enrollment for ACA marketplaces this year.
  6. National updates: The Grand Canyon closed after a resident tested positive for coronavirus.
  7. World update: Israeli Prime Minister Benjamin Netanyahu re-entered self-quarantine after his health minister tested positive for coronavirus.
  8. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  9. Other resources: CDC on how to avoid the virus, what to do if you get it.

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The weirdest NBA draft ever

Table: Axios Visuals

The 2020 NBA draft was already shaping up to be the weirdest draft in years, and now that the coronavirus pandemic has disrupted the sports world, it could be the weirdest draft ever.

Why it matters: While most drafts have a clear hierarchy by the time April rolls around, this draft does not. There's no reliable No. 1 pick, almost every top-10 prospect has a glaring weakness and the global sports hiatus has shrouded the whole class in mystery.

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