UnitedHealth Group, the largest U.S. health-care conglomerate with a market cap over $420 billion, has seen its shares drop more than 20% in the last three months. The decline follows a reported Department of Justice investigation into UnitedHealthcare’s Medicare billing practices, focusing on whether diagnoses were made to trigger extra payments. The company has also faced a cyberattack on its subsidiary Change Healthcare, compromising the data of around 190 million people and costing over $3 billion in payouts to affected providers. Amid these challenges, UnitedHealthcare is offering employee buyouts and considering layoffs to cut costs. The company denies any fraudulent practices, asserting its compliance with government standards. Meanwhile, the insurance industry has been dealing with high medical costs, particularly from Medicare Advantage plans.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
