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UnitedHealth Group announced that it is under investigation by the Department of Justice and is cooperating with federal requests as part of a civil fraud probe related to its Medicare Advantage billing practices. Despite having a strong compliance record, the company has faced challenges in recent quarters, including a significant drop in its share price following the fatal shooting of its CEO and increasing healthcare usage, leading to concerns about its projected earnings. UnitedHealth is scheduled to report its second-quarter results soon.
Source: YAHOO