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DOJ launches probe into Medicare billing practices at UnitedHealth, WSJ reports

The Department of Justice has started a civil fraud investigation into UnitedHealth's Medicare billing practices, according to the Wall Street Journal.
UnitedHealth's shares dropped nearly 12% following the news, reflecting investor concerns about how the probe may affect profitability.
The investigation focuses on how UnitedHealth records diagnoses for extra payments within its Medicare Advantage plans, which cover over 7.8 million people.
In addition, shares of other health insurers like Humana and CVS Health fell by three to four percent amid the increased scrutiny in the health insurance sector.

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New Orleans CityBusiness

UnitedHealth shares dive after report of US investigation into Medicare billing New Orleans CityBusiness

UnitedHealth Group shares tumbled early 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 plans. Those are privately run versions of the government’s Medicare coverage program…

18 hours ago

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Fortune

UnitedHealth falls after U.S. opens probe of Medicare billing

“Any suggestion that our practices are fraudulent is outrageous and false," the insurer said.

18 hours ago·New York, United States

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Just the News

DOJ launches probe into billing practices of UnitedHealth's Medicare: report

The probe has resulted in the healthcare conglomerate's shares decreasing by about 12%.

19 hours ago·Washington, United States

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Financial Times

UnitedHealth’s Medicare billing process faces US justice department scrutiny

Shares fall in country’s largest healthcare company which said it was unaware of any review

19 hours ago·London, United Kingdom

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New York Post

DOJ launches probe into UnitedHealth’s Medicare billing practices after investigative reports

The Department of Justice has launched an investigation into UnitedHealth Group’s Medicare billing practices as scrutiny over the health insurance industry intensifies, according to a report.

20 hours ago·New York, United States

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