UnitedHealth falls after WSJ report on DOJ investigating co's Medicare billing

ReutersJul 9, 2025 1:54 PM

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Shares of health insurer UnitedHealth Group UNH.N fall 2% to $301.82

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 says in a statement it stands "firmly behind" the integrity of it Medicare Advantage business

It also said the WSJ article was "relying on incomplete data, a predetermined narrative and a flawed understanding of how the Medicare Advantage program works"

Including session moves, stock down 40.2% YTD

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