Stephanie Link, Hightower Advisors, joins 'Closing Bell' to discuss the DOJ probe into UnitedHealth and its impact on the stock.
US equities (^GSPC, ^IXIC, ^DJI) and Treasury yields (^TYX, ^TNX, ^FVX) are set to finish a volatile trading week in the red. Seana Smith and Madison Mills outline the top stories on Wall Street on Catalysts.
Will Musk and Trump dare to take it on?
All three major U.S. stock indices are down Friday as traders reacted to several sets of fresh data that raised concerns about the economic outlook.
Steve Weiss, Founder and Managing Partner of Short Hills Capital Partners joins CNBC's “Halftime Report” to explain why he's buying UnitedHealth after famed investor Bill Ackman comes out against the name.
The probe is analyzing the company's practice of frequently logging diagnoses that trigger larger payments to its Medicare Advantage plans, according to a report.
UnitedHealth shares sank after the Wall Street Journal reported that the insurer's Medicare billing protocols are under investigation by the U.S. Department of Justice.
Federal government examining whether insurance giant is illegally raising Medicare program users' monthly payments
We see a bifurcated pre-market on the major indexes this morning. The Nasdaq is looking positive, +100 points at this hour, or +0.46%, while the S&P 500 is +0.08% and the small-cap Russell 2000 +0.66%.
UnitedHealth Group Inc (NYSE:UNH, ETR:UNH) shares slumped following reports that the US Department of Justice has initiated a civil fraud investigation into the company's Medicare billing practices. Per a Wall Street Journal (WSJ) report citing sources with knowledge of the matter, the probe is focused on how the company documents diagnoses that can lead to increased payments for its Medicare Advantage plans, particularly within physician groups owned by UnitedHealth.
The U.S. Department of Justice has reportedly launched an investigation into UnitedHealth Group's (UNH -8.19%) Medicare billing practices.
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 faces sharp criticism from billionaire Bill Ackman. It extends a tumultuous period for its parent company, UnitedHealth Group, marked by the killing of a top executive, a costly cyberattack against its subsidiary and high medical costs.