Reported 2 days ago
UnitedHealth's stock fell on Wednesday following a report by The Guardian that accused the insurer of covertly paying nursing homes to decrease hospital transfers. This practice allegedly aimed to cut costs for the company. Last week, the stock had already dropped to a five-year low, coinciding with an investigation by the Justice Department into potential Medicare fraud. UnitedHealth has denied the allegations, stating that previous investigations found significant inaccuracies.
Source: YAHOO