Reported 1 day ago
UnitedHealth Group's stock dropped 10.93% on Thursday, marking the eighth consecutive day of losses, following reports of a DOJ investigation into the company's Medicare billing practices. Allegations suggest that UnitedHealth may have inflated patient diagnoses to secure higher payouts from Medicare. Despite the company's denial of wrongdoing and defense of its Medicare Advantage program, investor confidence wavered, leading to notably poor performance in the market.
Source: YAHOO