The actions of Unitedhealth Group slipped Thursday after the health care giant said that he was under the investigation of the Ministry of Justice.
The company said that it had started to comply with the criminal and civil requests of federal investigators and that it was cooperating with them.
“(Unitedhealth) has a long record for responsible and effective compliance,” said the company in a securities commission file.
Earlier this year, the Wall Street Journal said that federal officials had launched an investigation into civil fraud on how society recorded diagnoses that led to additional payments for its Medicare advantage, or MA. These are private versions of the government’s medical coverage program mainly for people aged 65 and over.
The company Unitedhealthcare of the company covers more than 8 million people as the largest supplier of medicare plans in the country. Business was under pressure During the last quarters due to the increase in care and rate drops.
Unitedhealth Group Inc. said in February that he was not aware of the start of a new activity as the newspaper reported.
The company said Thursday that it had contacted the Ministry of Justice “after examining media reports on surveys on certain aspects of the company’s participation in the Medicare program”.
United Holder manages one of the country’s largest health insurance and management companies in the country. It also operates an increasing opposite company which provides care and technological support.
The actions of the company have mainly lost value since December, when the CEO of Unitedhealthcare Brian Thompson was mortally shot dead In Midtown Manhattan, on the way to the annual meeting of the company’s investors.
The share price fell 1.7%, or $ 4.97, to $ 287.54 Thursday morning.
