UnitedHealth Group shares plunge 13% on report of DOJ probe into possible Medicare fraud
Publishing timestamp: 2025-05-15 14:55:14
Summary
Shares of UnitedHealth Group plunged more than 13% following a report of a criminal investigation by the Department of Justice into possible Medicare fraud. The exact nature of the allegations is unclear, but the company's Medicare Advantage business practices are under scrutiny. This news comes after a series of setbacks for the company, leading to a 49% drop in its shares this year.
Sentiment: NEGATIVE
Tickers: UNH,
Keywords: business news, pharmaceuticals, personal health insurance, breaking news: business, biotechnology, health care industry, medicare, business, unitedhealth group inc, biotech and pharmaceuticals, justice department,
Source: https://www.cnbc.com/2025/05/15/unitedhealth-group-stock-doj-investigation-report.html