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.”
UnitedHealth has dropped nearly 50% amid headwinds, but strong fundamentals, margin stability, and low valuation signal upside. See why UNH stock is a buy.
Key Takeaways UnitedHealth Group shares slid in recent trading Thursday after tumbling Wednesday amid worries about potential cuts to Medicaid and Medicare, and a report accusing the company of paying secret bonuses to nursing homes,
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.
UnitedHealth is again being accused of improper business practices for allegedly paying nursing homes to avert resident hospital transfers.
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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.
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.
UnitedHealth’s stock was falling Wednesday after HSBC turned bearish, even as the insurer dismissed a report that it paid nursing homes not to transfer residents to hospitals.