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…
UnitedHealth Group (UNH) had another rough day in trading Friday. Reports that the Department of Justice (DOJ) is investigating its Medicare Advantage insurance business sent the stock more than 8% lower in early trading. The civil fraud investigation, first reported by the Wall Street Journal, examines how UnitedHealth records diagnoses that boost payments from the…
What cuts at Minnesota hospitals mean for your health What cuts at Minnesota hospitals mean for your health 03:59 MINNEAPOLIS — UnitedHealth Group on Thursday announced that a longtime employee in the company has been named the new leader of its health insurance arm, nearly two months after the killing of former CEO Brian Thompson. Tim…
Image: NurPhoto (Getty Images) 1. Apple Inc. (AAPL): Apple (AAPL) continues to be a leader in technology with strong growth in its services segment, including payment processing and streaming media. 2. Amazon.com Inc. (AMZN): Amazon (AMZN) dominates e-commerce and cloud computing, with its AI business driving significant growth. 3. Microsoft Corp. (MSFT): Microsoft (MSFT) is…
Good morning. Two tech billionaires started this week with egg on their face, and for once, it had nothing to do with a live product demo.Amazon founder Jeff Bezos and NantHealth founder Patrick Soon-Shiong blocked, each at the eleventh hour, the U.S. presidential endorsements of Kamala Harris by the editorial boards of their newspapers, the…
(Reuters) -UnitedHealth Group reported a surge in third-quarter medical costs on Tuesday, as the company struggled with lower government payments in its insurance business and persistently high demand for medical care, sending its shares 3% lower. For the quarter, the company’s medical loss ratio – the percentage of premiums spent on medical care – was…
In This Story After a hectic week filled with major earnings reports, an AI summit, robotaxis, and key inflation data, this coming week will be shorter but still significant. California’s new $20 minimum wage for fast food workers didn’t cost jobs, study says Here’s what’s on the agenda for the week ahead. Is the stock…