Reported 2 days ago
UnitedHealth experienced a drop of over 6% in its shares following a report from the Guardian revealing that the company allegedly made undisclosed payments to nursing homes to minimize hospital transfers, raising concerns about patient safety. This claim is part of ongoing scrutiny facing the healthcare giant, which has already suffered losses from a cyberattack, legal investigations, and the resignation of its CEO. Despite UnitedHealth's statements that the allegations have been investigated and deemed inaccurate, investor confidence remains shaky as the company looks to newly reinstated CEO Stephen Hemsley for recovery amid downgrades from financial analysts.
Source: YAHOO