By Sriparna Roy
February 21, 2025 – 7:57 AM PST
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(Reuters) – The U.S. Justice Department has launched a probe into UnitedHealth’s (UNH.N) Medicare billing practices in recent months, the Wall Street Journal reported on Friday, sending the healthcare conglomerate’s shares nearly 12% lower.
The civil fraud investigation is examining the company’s practices for recording diagnoses that trigger extra payments to its Medicare Advantage plans, the newspaper reported, citing people familiar with the matter.
UnitedHealth said the report contained “misinformation” about its Medicare Advantage plans, pointing to regular reviews by the government to ensure compliance. The company was also unaware of the launch of any new activity by the regulator, it said in a statement.
The Department of Justice (DoJ) did not…
