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nitpicked

(1,309 posts)
10. Health Insurance UnitedHealth falls after report it secretly paid nursing homes to reduce hospital transfers
Wed May 21, 2025, 11:21 AM
May 21
https://www.cnbc.com/2025/05/21/unitedhealth-reportedly-paid-nursing-homes-to-reduce-hospital-transfers.html
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UnitedHealth shares fell in premarket trading after a Guardian report that the company made secret payments to nursing homes to reduce hospital transfers added to the troubles of the healthcare conglomerate.

The alleged action, part of a series of cost-cutting tactics, has saved the company millions, but at times risked residents’ health, the Guardian reported, citing an investigation.
(snip)

The company’s stock has taken a beating after the Wall Street Journal recently reported that the U.S. Department of Justice had begun a criminal investigation into the company for potential Medicare fraud, which followed CEO Andrew Witty’s abrupt departure and the withdrawal of its 2025 forecast last week.

On Wednesday, UnitedHealth shares fell more than 8% before paring losses and were last down 3% at $311.59.
(snip)

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