UnitedHealth Group is currently facing a criminal investigation by the U.S. Department of Justice, focusing on possible Medicare fraud within its Medicare Advantage program. The investigation has contributed to a significant decline in the company's stock. While the company claims not to have been informed of any allegations and defends the integrity of its practices, reports indicate that this probe has been ongoing since at least last summer. Scrutiny of Medicare Advantage plans has intensified, following a civil fraud investigation and inquiries from U.S. Senator Chuck Grassley regarding billing practices.
The ongoing investigation into UnitedHealth Group by the DOJ could have significant repercussions, as it may reveal deeper issues regarding the company's practices in their Medicare Advantage program.
Despite the investigation, UnitedHealth insists it has maintained the integrity of its Medicare Advantage program, which has been under scrutiny for potential fraudulent practices.
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