The United States of Justice (Doj) conduct a criminal investigation into the UNITEDHELHELTH Group to obtain a possible Medicare fraud.
The Wall Street Journal (WSJ) broke the story for the first time on Wednesday.
UNITEDHEALTH said that the Ministry of Justice had not been notified of the “supposed criminal investigation”, and the company stood up to “the safety of the Medicare Advantage” program.
WSJ reported that the Ministry of Justice Health Care Unit supervises the Criminal Investigation, which focuses on the company’s Medicare Advantage, citing people familiar with the matter.
The newspaper said that while the accurate nature of potential criminal allegations against UNITEDHEALTH is unclear, it has been an active investigation at least last summer, the newspaper said.
A spokesman for the Ministry of Justice refused to comment on WSJ about the new criminal investigation. The administration did not immediately respond to requests for comments from Reuters.
Last week, United Holth said in a regular file that he was “involved or involved in various government investigations, reviews and reviews”, without revealing more details.
The new investigation follows a broader audit in the Medicare Advantage program, where the plans approved by Medicare from a private medical care company completes the American agents between 65 years or older by covering more services not only planned by the government, such as dentistry and vision services.
In February, WSJ reported the investigation of civil fraud in UNITEDHELHELTH medical care. Then the company said that it was not aware of any new probe.
In the same month, American Senator Chuck Grasli of Iowa launched an investigation into UNITEDHELHELTH medical bills, and requested detailed records for the company’s compliance program and other relevant documents.
The Ministry of Justice had filed a lawsuit accusing three of the largest health insurance companies in the United States to pay hundreds of millions of dollars initially to brokers in exchange for the patients to the Medicare Advantage plans for insurance companies.
Nearly half 65 million people covered by Medicare, the United States Program for Persons between the ages of 65 years or older, or with disabilities, registered in Medicare Advantage plans managed by private insurance companies.
Insurance companies rates are paid to each patient, but they can be paid more if patients have multiple health conditions. Standard medical care coverage is managed by the government.
Disturbing disturbances
The health insurance company was under pressure for several months. On Tuesday, UNITEDHELHELHELHELHELTH GROUP, Andrew Weii, resigned unexpectedly, and the company at once suspended its financial forecast for 2025 due to the high medical costs, which led to a decrease of 18 percent in stocks to a four -year minimum.
Stephen Hemsli, who led the company for more than a decade until 2017, regains the following matters Innovations including the December murder To Rayyan Thompson, CEO of his insurance unit, who transferred the unified in public awareness.
On Thursday, after the investigation news erupted, the unitedhealth Group shares decreased by 18 percent to reach its lowest level in five years.
“The arrow is already in the dog’s house with investors, and only additional uncertainty will not accumulate,” James Harlo, Senior Vice President at Novar Capital Management, who has shares in United Holth, told Reuters.
If you hold the losses, UNITEDHELHELTH will be the worst shares in the S&P 500 in two days of the last three days.
Last month, Selloff wiped nearly $ 300 billion of market value in UNITEDHELHE, or more than half of its value since its shares in November.
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