UnitedHealth Group Under Federal Investigation: Medicare Fraud Allegations Rock Healthcare Giant
by Alfred Ignacio in HealthcareUnitedHealth Group announced it is cooperating with federal investigations into its Medicare Advantage business. The Department of Justice launched a civil fraud investigation into how the company records diagnoses, potentially leading to inflated payments. A criminal investigation is also underway, focusing on the use of doctors and nurses to gather diagnoses that boost payments. The company, which covers over 8 million Medicare Advantage members, has seen its stock price drop significantly following the news, as well as other recent setbacks including the CEO's death and revised financial forecasts.
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