UnitedHealth Warns Medicare Trends May Worsen, Condemns 'Irresponsible' WSJ Reporting
-
May 15, 2025
After a disappointing quarter that sent the company’s stock tumbling and led shareholders to seek a class action, UnitedHealth Group on May 13 unveiled the abrupt departure of CEO Andrew Witty and immediate appointment of former CEO Stephen Hemsley. UnitedHealth's stock price fell 18% that day and continued to decline as the Wall Street Journal reported that the Dept. of Justice is looking into "possible criminal Medicare fraud" related to the insurer's Medicare Advantage business practices.
"We have not been notified by the Department of Justice of the supposed criminal investigation reported, without official attribution, in the Wall Street Journal today," said UnitedHealth in a statement posted to its website. "The WSJ’s reporting is deeply irresponsible, as even it admits that the “exact nature of the potential criminal allegations is unclear.”
UnitedHealth added, "We stand by the integrity of our Medicare Advantage program."
Read more
© 2025 MMIT
The Latest
Meet Our Reporters
Meet Our Reporters
GAIN THERAPEUTIC AREA-SPECIFIC INTEL TO DRIVE ACCESS FOR YOUR BRAND
Sign up for publications to get unmatched business intelligence delivered to your inbox.