Reported 1 day ago
UnitedHealth Group's stock dropped over 8% following reports of a Department of Justice investigation into its Medicare Advantage insurance practices. The inquiry focuses on allegations of civil fraud related to how the company records diagnoses to increase payments from Medicare. UnitedHealth has dismissed the claims as misinformation and highlighted their compliance records, but their market cap has been affected by this and other challenges, including a recent cybersecurity attack and internal restructuring efforts.
Source: YAHOO