Reported about 17 hours ago
UnitedHealth Group's stock dropped by 7.2% following news that the U.S. Justice Department is investigating the company's Medicare billing practices for potential fraud, particularly regarding how patient diagnoses are represented to secure higher government payments. The investigation is said to tie into a broader antitrust inquiry concerning UnitedHealth's acquisitions in the healthcare sector. This scrutiny comes amidst increased regulatory focus on Medicare Advantage plans and a growing concern over cost manipulations. UnitedHealth has denied any wrongdoing, calling the allegations outrageous.
Source: YAHOO