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.
Shares of UnitedHealth Group sank Friday following a report on a fresh federal probe into the U.S.' largest health insurer, the latest development in a turbulent stretch on Wall Street for the company as its business practices come under scrutiny.
CNBC's Bertha Coombs joins 'Squawk on the Street' to break down the latest news on UnitedHealthcare.
The health insurer reportedly is being investigated over its Medicare billing practices, while it continues to face a backlash against drug pricing.
Jared Holz, Mizuho healthcare sector strategist, joins 'Squawk Box' to discuss news of DOJ's investigation of UnitedHealth Group over its Medicare billing practices.
Former FDA Commissioner Dr. Scott Gottlieb joins 'Squawk Box' to discuss news of DOJ launching an investigation into UnitedHealth Group's Medicare billing practices.
The Justice Department has reportedly launched a civil fraud investigation into UnitedHealth Group Inc's UNH Medicare billing practices.
Shares tumbled after The Wall Street Journal reported that the insurer is under Justice Department investigation. The investigation is evaluating Medicare billing protocols, according to the report.
UnitedHealth Group is the subject of a civil fraud probe, a new report suggests.
The U.S. Justice Department has launched an investigation into UnitedHealth's Medicare billing practices in recent months, the Wall Street Journal reported on Friday, citing people familiar with the matter.
In the closing of the recent trading day, UnitedHealth Group (UNH) stood at $502.42, denoting a -1.69% change from the preceding trading day.