UnitedHealth falls
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UnitedHealth investors have another bitter pill to swallow, as the CMS said it was aggressively growing its audit team to suss out “fraud, waste and abuse.”
Key Takeaways UnitedHealth Group shares slid in recent trading Thursday after tumbling Wednesday amid worries about potential cuts to Medicare, and a report accusing the company of paying secret bonuses to nursing homes,
UnitedHealth has dropped nearly 50% amid headwinds, but strong fundamentals, margin stability, and low valuation signal upside. See why UNH stock is a buy.
UnitedHealth is again being accused of improper business practices for allegedly paying nursing homes to avert resident hospital transfers.
Stephen Hemsley never fully dropped the reins when he stepped down as UnitedHealth Group Inc.’s chief executive officer eight years ago. With the health giant in crisis, he’s taking back his old job – and confronting one of the toughest turnaround tasks any executive has ever faced.
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Everything started on December 3, 2024, when Brian Thompson, the CEO of UnitedHealthcare, was shot and killed in New York. Thompson led UnitedHealth’s insurance segment, their biggest business, and his death likely created huge internal uncertainty that no one, obviously, expected.
UnitedHealth has gone from bad to worse, and its drop is impacting the Dow Jones Industrial Average even more than it is the S&P 500.
When CFRA’s Paige Meyer slapped a “sell” rating on UnitedHealth Group Inc. in February, she was the lone analyst out of 30 tracked by Bloomberg with a negative view of the company.
Health insurer stocks fell early Thursday after the Centers for Medicare and Medicaid Services (CMS) said it would expand auditing efforts for Medicare Advantage in a crackdown on overpayments. Humana stock,
The company has said in regulatory filings that investigations, audits and reviews by a dozen different government agencies are currently underway.