News Briefs: Shareholders Demand Information on Delays, Denials From UnitedHealth
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Jan 10, 2025
A group of shareholders has asked UnitedHealth Group to compile a report on how delays and denials of claims threaten the company. “Shareholders recommend the report evaluate how company practices impact access to healthcare and patient outcomes, including analyses of how often prior authorization requirements or denials of coverage lead to delay or abandonment of medical treatment and serious adverse events for patients,” they wrote in the filing. While the practices may increase short-term revenue, they can bring long-term harm to the brand and threaten investor portfolios by increasing consumer debt, according to the filing, which was led by the Sisters of the Holy Names of Jesus and Mary.
UnitedHealth and Amedisys have ended a deal to sell medical centers to VitalCaring Group, The Wall Street Journal reported. The move comes after the Dept. of Justice (DOJ) filed an antitrust lawsuit to stop UnitedHealth’s proposed acquisition of Amedisys. The deal with VitalCaring was meant to ease some of the antitrust concerns raised in the lawsuit. While no reason was given for ending the deal, the DOJ noted in its suit to block the Amedisys acquisition that VitalCaring was “unlikely to replace the competition that would be lost from the merger.”
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