Hi, it’s John in New York. I’ve spent years following a story about how whistleblowers alleged systematic fraud at private Medicare Advantage plans. A reported investigation at one of the biggest companies in that business jolted investors last week.
U.S. Senator Chuck Grassley requested detailed information on UnitedHealth's Medicare billing practices, in a letter to CEO Andrew Witty on Monday, amid reports suggesting the insurer may have leveraged billing rules to its advantage.
The Department of Justice has reportedly launched an investigation into UnitedHealth Group's Medicare billing practices, adding to the scrutiny the company is facing.
UnitedHealthcare gained the most Medicare Advantage members during annual enrollment while Humana lost the most policyholders.
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 Justice Department is probing diagnoses and practices that triggered extra payments to UnitedHealth’s Medicare Advantage plans, people familiar with the matter say.
UnitedHealthCare is under investigation by the Department of Justice again for its Medicare Advantage billing practices. This is one of several legal battles and extraordinary mishaps the insurer has faced in recent years, including the murder of its CEO and a massive cyberattack.
UnitedHealth Group called The Wall Street Journal's report "misinformation" and said it was unaware of reported investigaiton.
The probe is analyzing the company’s practice of frequently logging diagnoses that trigger larger payments to its Medicare Advantage plans, according to a report.