A probe into UnitedHealth's Medicare billing processes in recent months has begun, the Wall Street Journal reported Friday, pushing the healthcare conglomerate's shares nearly 12 percent lower. The post Report: U.S. Probes UnitedHealth’s Medicare Billing Processes appeared first on Breitbart.
The U.S. Department of Justice (DoJ) has launched a civil fraud investigation into UnitedHealth's Medicare billing processes, focusing on how the company records diagnoses that trigger extra payments for its Medicare Advantage plans. UnitedHealth has denied the allegations, calling the report "misinformation" and highlighting regular government reviews for compliance. The news caused UnitedHealth's stock to drop nearly 12%, with shares of other insurers like Humana and CVS Health also falling. Analysts noted investor uncertainty over the potential impact of the investigation on UnitedHealth's profitability.
