UnitedHealthcare is in hot water again as the insurance giant grapples with a reported government investigation of its Medicare billing practices, pursues employee buyouts and potential layoffs, and clashes publicly with billionaire Bill Ackman.
Those developments in recent days extend a tumultuous past year for its parent company, UnitedHealth Group, marked by the killing of a top executive, a costly cyberattack against its subsidiary and high medical costs in its insurance arm. UnitedHealth Group is the biggest health-care conglomerate in the U.S. based on revenue and its more than $420 billion market cap, and UnitedHealthcare is the nation’s largest private insurer.
Shares of UnitedHealth Group have tumbled roughly 23% over the last three months.
While all of the other healthcare companies stay untouched.
But UHC has been a useful scapegoat for them of late.
I agree that this is a systemic issue rather than a single bas actor but… I’d rather see one of them suffer than none.
“a reported DOJ probe”
My ass. Not under King Elon.
It should have been the chairman of the board…