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00:02UnitedHealth Group disclosed Thursday and is under criminal and civil investigation by the Department of Justice, according to ABC News.
00:08The company said it reached out proactively to the DOJ, filing media reports about a federal probe into its Medicare practices.
00:14UnitedHealth is now complying with formal requests and stated it has full confidence in its practices.
00:19The DOJ has not commented.
00:20This comes amid growing scrutiny, filing Wall Street Journal reports on potential Medicare fraud, antitrust violations, and billing practices.
00:27The UnitedHealth CEO stepped down in May after a turbulent year during the 2024 fatal shooting from UnitedHealthcare's CEO.
00:34UnitedHealth was the DOJ's worst performer in early 2025, with shares falling 1.5% after the investigation was announced.
00:41For all things money, visit Benzinga.com.
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