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US Justice Department Expands Probe Into UnitedHealth’s Practices Beyond Medicare
US Justice Department Expands Probe Into UnitedHealth’s Practices Beyond Medicare
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BTCCSquare news:
The US Justice Department's criminal division is investigating UnitedHealth Group Inc.'s prescription management services and physician reimbursement practices, signaling a broader scrutiny than previously known. The probe extends beyond potential Medicare fraud to include Optum Rx, the company's pharmacy benefit manager, and its payment structures for doctors.
UnitedHealth shares dropped as much as 3.5% following the news, erasing earlier gains. While no charges have been filed, the expanded investigation could complicate matters for the healthcare giant. The company maintains confidence in its compliance programs but faces heightened regulatory risks.
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