UnitedHealth's Medicare billing investigation
UnitedHealth is facing a civil fraud investigation by the Department of Justice regarding its Medicare billing processes, leading to a significant drop in its shares. The company denies the allegations of misinformation and claims regular compliance reviews by the government.
Key Points
- Department of Justice conducting civil fraud investigation into UnitedHealth's Medicare billing practices
- UnitedHealth denies allegations of misinformation and highlights regular compliance reviews by the government
- Shares of UnitedHealth and other health insurers dropped in response to the news