United Healthcare accused of billions in Medicare fraud. It’s No Longer Business as Usual for United Health, or the Entire Healthcare Industry – WSJ
A backdrop of harsh scrutiny on the industry explains sharp market reaction to investigation into UnitedHealth
All this helps explain why a Wall Street Journal article Friday morning revealing a new civil fraud investigation by the Justice Department into the company’s Medicare billing practice wiped out some $30 billion of UnitedHealth’s market capitalization in morning trading, with the stock down around 9%.