UnitedHealth Group shares tumbled Friday on a report that the U.S. Department of Justice has started an investigation into the health care giant’s Medicare billing practices. The Wall Street Journal said federal officials have launched a civil fraud investigation into how the company records diagnoses that lead to extra payments for its Medicare Advantage, or…
(Reuters) -The U.S. Justice Department has launched an investigation into UnitedHealth’s Medicare billing practices in recent months, the Wall Street Journal reported on Friday, citing people familiar with the matter. Shares of the company fell nearly 10% in premarket trading. Shares of other health insurers also fell before the bell. NYSE – Nasdaq Real Time…
In January, during a congressional hearing on his way to becoming secretary of the Department of Health and Human Services, Robert F. Kennedy Jr. got basic details wrong about Medicaid — a program he now oversees. He said that Medicaid is fully funded by the federal government (it’s not) and that many enrollees are unsatisfied with…
A heated exchange erupted between Massachusetts U.S. Sen. Elizabeth Warren and President Donald Trump’s nominee for Secretary of Health and Human Services, Robert F. Kennedy Jr., during his senate confirmation hearing on Wednesday.The exchange erupted when Warren asked Kennedy about his previous anti-vaccine statements, which Kennedy appeared to walk back during the hearing. “There is…
Medicare announced Friday that it has selected 15 drugs, including the hugely popular medications Ozempic and Wegovy, used for diabetes and weight loss, as well as some blockbuster cancer medications and other drugs, for its second round of price talks. Together with the first 10 drugs that the Biden administration targeted for its Medicare Drug…
The government lost billions of dollars to fraud and improper payments last year. Both Musk and Ramaswamy have indicated they’ll crack down on fraud through DOGE. Some experts told BI they’re optimistic about action on fraud, but the DOGE leaders have to be willing to invest in the issue. Elon Musk and Vivek Ramaswamy have…
SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. Because Medicare premiums are tied to income, converting a $235,000 retirement account to a Roth IRA has the potential to cause Medicare Part B premiums to increase. For many taxpayers, in fact, a single-year conversion of that magnitude could…
In just over a month and a half, the US will have a new president elect. Either Donald Trump will take back the Oval Office, or Vice President Kamala Harris will get the promotion of a lifetime. This week’s feisty debate between the Republican and Democratic nominees has captured the nation’s attention, and market strategists…