Federal heat on UnitedHealth sends shares tumbling — what you need to know
UnitedHealth DOJ probe impacts stock value as federal heat intensifies on the healthcare giant. The U.S. Justice Department has launched both criminal and civil investigations into UnitedHealth’s Medicare Advantage billing practices, raising serious concerns about possible overcharging. As news broke, UnitedHealth’s stock plunged over 4%, deepening a year-long 40% decline. Investors are now worried about future earnings, rising healthcare costs, and tighter regulations. UnitedHealth says it’s cooperating fully and reviewing its billing system.