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  • 6 months ago
UnitedHealth confirmed it's under both criminal and civil investigation by the Justice Department for alleged Medicare Advantage billing irregularities.
Transcript
00:00UnitedHealth confirmed it's under both criminal and civil investigation by the Justice Department
00:05for alleged Medicare Advantage billing irregularities and has launched a third-party
00:10review while cooperating with the DOJ. The probe focuses on whether the insurer
00:16improperly coded diagnosis to inflate federal payments, a practice previously reported to
00:22have generated billions. The company's shares dropped sharply, ranging from about 2% on the
00:27announcement to as much as 18% earlier amid market concern, putting further pressure on a firm already reeling from prior setbacks.
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