The shares of the United Health Group were stated by the health care giant on Thursday that it is under the Department of Investigation of Justice Department.
The company said that it had started following both criminal and civilian requests from federal investigators and it was cooperating with them.
The company said in the Securities and Exchange Commission filing, “United Health) has a long record of responsible conduct and effective compliance.”
Earlier this year, the Wall Street Journal stated that federal authorities had initiated an investigation into a civil fraud as to diagnose a record that leads to additional payment for its medicare benefits, or MA, plans. They privately are versions of the government’s Medicare Coverage Program that are mostly for people over 65 years of age.
More than 8 million people have been included as the largest provider of the country’s Medicare Advantage Plan in the company’s United Healthcare Business. The business Has been under pressure Due to the use of increasing care and rate cuts in recent quarters.
The United Health Group Inc. said in February that it did not know about the introduction of any new activity as Paper told.
The company said on Thursday that it reached the Department of Justice “after reviewing media reports about the investigation of some aspects of the company’s participation in the Medicare program.”
United Health runs one of the country’s largest health insurance and pharmacy profit management businesses. It also operates an increasing optum business that provides care and technology aid.
Most of the company’s shares are valued from December, when Brian Thomanson, CEO of United Healthcare Was shot badly The company’s annual investor at Midtown Manhattan is on the way to the meeting.
The stock was priced at 1.7%, or $ 4.97, Thursday morning at $ 287.54.
