UnitedHealth falls after WSJ report on US Justice department investigating co's Medicare billing
Shares of health insurer UnitedHealth Group UNH.N fall 1.2% to $303.87 pre-market
Investigators from the U.S. Department of Justice are questioning former employees of UNH over how the company deployed doctors and nurses to gather diagnoses that bolstered its Medicare payments, the Wall Street Journal reports, citing people familiar with the matter
Former employees are being questioned as part of an ongoing criminal probe into UnitedHealth Group for potential Medicare fraud, which the Wall Street Journal first reported in May
Employees had been questioned by prosecutors working for the healthcare-fraud unit in recent weeks, the report says
The Federal Bureau of Investigation and the Department of Health and Human Services’ Office of Inspector General also participated in some of the interviews, according to the report
UnitedHealth and the Department of Justice did not immediately respond to Reuters requests for comment
Up to last close, stock down 39.2% YTD
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