News Briefs: UnitedHealth Group Reportedly Under Criminal Investigation
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May 16, 2025
UnitedHealth Group is under investigation by the Dept. of Justice (DOJ) for possible criminal Medicare fraud, The Wall Street Journal reported on May 14. The WSJ report cited “people familiar with the matter” and said the exact nature of the investigation is unclear, although it is linked to the insurer’s Medicare billing practices — which the DOJ is already investigating as a civil matter. The report comes just days after UnitedHealth’s now-former CEO Andrew Witty abruptly stepped down from the position amid turmoil over the company’s first-quarter performance. UnitedHealth denied knowledge of the “supposed criminal investigation” and said “we stand by the integrity of our Medicare Advantage program.” RBC Capital Markets analysts reported in a note to investors that shares of UnitedHealth’s stock declined 8% following the WSJ story, bringing share declines to more than 50% since the insurer released its first-quarter earnings on April 17.
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