US EditionUnitedHealth under criminal probe for possible Medicare fraud, WSJ reports
- The U.S. Department of Justice is conducting a criminal investigation into UnitedHealth Group's Medicare Advantage practices, as reported on Wednesday by the Wall Street Journal.
- This investigation follows the abrupt resignation of CEO Andrew Witty, a steep decline in UnitedHealth’s stock price, and ongoing regulatory scrutiny of Medicare Advantage plans.
- Federal authorities have pursued related civil fraud claims and alleged kickbacks to brokers steering patients into Medicare Advantage plans, with nearly half of Medicare enrollees in such plans.
- UnitedHealth states it has not been alerted by the DOJ about any investigation, rejects the Wall Street Journal’s report as irresponsible given vague allegations, and maintains confidence in the legitimacy of its Medicare Advantage offerings.
- The criminal probe and financial uncertainty have pushed UnitedHealth’s shares to a four-year low and added pressure on the company amid intensified oversight and leadership changes.
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UnitedHealth’s troubles pile up, as stock sinks again after report of DOJ probe
UnitedHealth is also dealing with government pressure on drug prices and a vow to “knock out” drug middlemen. Article Attribution | Read More at Article Source The post UnitedHealth’s troubles pile up, as stock sinks again after report of DOJ probe appeared first on RocketNews.
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Total News Sources32
Leaning Left7Leaning Right5Center10Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 32%
C 45%
R 23%
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