Reported 1 day ago
UnitedHealth's stock experienced a significant drop of 4.7% following the company's announcement of an investigation by the Department of Justice into its Medicare billing practices. This investigation comes amid scrutiny over possible fraudulent billing techniques that could have allowed the insurer to receive additional payments from Medicare. Despite the challenges, UnitedHealth expressed confidence in its practices and commitment to cooperate with the investigation, although it has faced ongoing leadership controversies and financial setbacks over the past year.
Source: YAHOO