Stock of the day: UnitedHealth drops 13% on report DOJ is investigating Medicare billing practices
UnitedHealth Group called The Wall Street Journal's report "misinformation" and said it was unaware of reported investigaiton.
DOJ Launches Probe Into Medicare Billing Practices at UnitedHealth, WSJ Reports
The U.S. Justice Department has launched an investigation into UnitedHealth's Medicare billing practices in recent months, the Wall Street Journal reported on Friday, citing people familiar with the matter.
UnitedHealth's rough stretch continues, with buyouts, a reported DOJ probe and a 23% drop in three months
It extends a tumultuous period for UnitedHealth marked by the killing of a top executive, a costly cyberattack against its subsidiary and high medical costs.
UnitedHealth Group Stock Drops As Feds Reportedly Probe Its Medicare Billing
In this post-shooting and DOGE-era, regulators may be emboldened to make more changes than they otherwise would have on insurers that are seen to be fleecing the system,” explained one analyst.
UnitedHealth Stock Sinks on Reported DOJ Probe Into Medicare Advantage Billings
Key Takeaways Shares of UnitedHealth Group sank Friday following a report that the U.S. Department of Justice is investigating the company's diagnosing practices.The Wall Street Journal reported that the DOJ is probing whether the company tends to over-diagnose conditions that can earn larger Medicare Advantage payouts.
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