Health insurer UnitedHealth Group used aggressive tactics to gather diagnoses that can boost Medicare Advantage payments, the Wall Street Journal reported on Monday, citing a U.S. Senate committee investigating the company's practices.
Sen. Chuck Grassley launched an investigation last year following Wall Street Journal reports examining the company's Medicare Advantage practices.
With well-publicized losses for companies including UnitedHealth Group NYSE: UNH, Elevance Health NYSE: ELV, and Wegovy and Ozempic maker Novo Nordisk NYSE: NVO, the healthcare sector failed to outperform the broad market last year.
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UNH shares are down 34.5% in a year as costs and margins bite, with Q4 earnings and 2026 guidance set to test whether value is emerging.
In the most recent trading session, UnitedHealth Group (UNH) closed at $336.4, indicating a +1.91% shift from the previous trading day.
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Elevance Health is edging past UnitedHealth as Carelon's growth, strategic exits and a cheaper valuation shape a stronger near-term setup.
UnitedHealth (UNH) has encountered difficulties in the past. Its stock has decreased by over 30% within less than two months on two separate occasions in recent years, erasing billions in market capitalization and nullifying significant gains in a single downturn.
UnitedHealth, a managed healthcare firm that provides health insurance, pharmacy benefit management, and care delivery to millions of clients, is now a $297 billion (by market cap) healthcare behemoth. UNH ended last fiscal year with more than $75 billion in cash, cash equivalents, available-for-sale debt securities, and equity securities balances. The company increased its dividend for 16 consecutive years, with a 10-year dividend growth rate of 19.3%.
In the latest trading session, UnitedHealth Group (UNH) closed at $331.83, marking a +1.3% move from the previous day.