UnitedHealth Group Under Investigation For Possible Medicare Fraud
UnitedHealth Group is being investigated for possible Medicare fraud, according to The Wall Street Journal, sending shares of the healthcare company sliding in after-hours trading just one day after its CEO, Andrew Witty, announced he was stepping down from his position.
UnitedHealthcare is owned by UnitedHealth Group. (Photo by PATRICK T. FALLON/AFP via Getty Images)
The Justice Department's healthcare-fraud unit is leading the probe, the Journal reported.
UnitedHealth's stock tanked around 7% following the Journal's report, bringing shares to their lowest point in almost five years.
This is a developing story. Check back for updates.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 hours ago
- Yahoo
Georgetown County traffic stop leads to large drug seizure, authorities say
GEORGETOWN COUNTY, S.C. (WBTW) — A Myrtle Beach man was arrested Friday afternoon after a traffic stop on Highway 17 led authorities to a large drug seizure, the Georgetown County Sheriff's Office said. Chasen Davis was charged with possession with intent to distribute narcotics multiple times and remains in custody at the Georgetown County Detention Center. During a traffic stop near Wachesaw Road, deputies noticed a strong marijuana odor coming from the car. A search yielded 2.75 pounds of marijuana, 42 THC vapes, 9.82 grams of cocaine, 1.02 grams of ketamine, 19.44 grams of mushrooms, 13 doses of hydrocodone, 11 does of Oxycodone, 38 does of clonazepam and $3,330 in cash. * * * Adam Benson joined the News13 digital team in January 2024. He is a veteran South Carolina reporter with previous stops at the Greenwood Index-Journal, Post & Courier and The Sun News in Myrtle Beach. Adam is a Boston native and University of Utah graduate. Follow Adam on X, formerly Twitter, at @AdamNewshound12. See more of his work here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
8 hours ago
- Yahoo
Why Oscar Health, Inc. (OSCR) Soared On Thursday
We recently published a list of . In this article, we are going to take a look at where Oscar Health, Inc. (NYSE:OSCR) stands against other best-performing stocks on Thursday. Oscar Health snapped a five-day losing streak on Thursday, jumping 10.6 percent to close at $15.65 apiece as investors resorted to bargain-hunting while waiting for more concrete developments on the Trump administration's Medicare Advantage review. Earlier this year, lawmakers passed a $5-trillion tax-and-spending package that shaves as much as $900 billion in Medicaid, which servers over 70 million low-income households. A close up of a patient and a healthcare professional engaging in conversation, showing the company's commitment to patient care. Now, Senate Republicans to broaden savings by looking for supposed inefficiencies in the Medicare program for senior citizens. In the first quarter of the year, Oscar Health, Inc. (NYSE:OSCR) registered a 55-percent increase in attributable net income of $275 million versus the $177 million registered in the same period last year. Revenues rose by 42 percent to $3.046 billion from $2.142 billion year-on-year. Overall, OSCR ranks 5th on our list of best-performing stocks on Thursday. While we acknowledge the potential of OSCR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 hours ago
- Yahoo
6 Ways To Rethink Retirement in an Ongoing DOGE Economy
Elon Musk may have left his Department of Government Efficiency (DOGE) behind, but the DOGE office and the intentions to cut government spending remain. It will likely have a lingering effect on many aspects of Americans' lives, particularly regarding the agencies where staffing or budgets were slashed or may be in the future. Find Out: Read Next: One of the areas DOGE did a lot of cutting was the Social Security Administration. For anyone retiring in this DOGE environment, in which security nets like Social Security and Medicare may not be so secure, it may be time to rethink some aspects of retirement. Christopher Stroup, a CFP and owner of Silicon Beach Financial, explained some ways to prepare for this new policy landscape. Retirees relying on timely Social Security or Medicare have faced longer processing times and inconsistent access to benefits. 'The cuts didn't just trim fat, they disrupted core services, forcing many to navigate a fragmented system at a life stage when stability matters most,' Stroup said. This volatility adds a new layer of risk to traditional retirement planning that requires more strategy. Be Aware: Simply put, if government support continues to shrink, which is likely, retirees may need to assume greater out-of-pocket costs for healthcare and essentials, Stroup warned. 'Financial plans must now stress-test for reduced safety nets, inflation uncertainty and delayed services,' he said. The assumption that Medicare and Social Security will 'just work' is no longer a safe bet. Stroup suggested soon-to-be-retirees now think of retirement less as a finish line and more as a transition that demands flexibility. 'You'll want to build contingency funds, diversify your income sources, and plan for potential lags in public benefits,' he said. Just as important, don't delay filing paperwork since bureaucratic backlogs can derail even well-funded retirements if you're not proactive. It's also a time to focus on liquidity, not just longevity, Stroup said. This means maintaining a strong emergency fund for benefit delays or policy changes. It's a great time to reevaluate withdrawal rates and healthcare coverage with the help of a financial advisor, and to consider supplemental insurance or annuities to hedge against 'service erosion.' 'Above all, revisit your financial plan annually as this environment demands regular recalibration,' Stroup said. To get down to the essentials and focus your energy, Stroup recommended prioritizing the following three things: Healthcare planning: Confirm coverage and estimate out-of-pocket costs. Guaranteed income: Layer Social Security with annuities or conservative income streams. Tax strategy: Optimize withdrawals to minimize tax drag. A well-sequenced drawdown strategy can preserve capital longer, especially if public benefits falter. Lastly, Stroup feels that 'policy disruption is the new normal.' This means you can't count on yesterday's assumptions. 'Whether it's delayed Social Security checks, Medicare limits or staff shortages, retirees need personal resiliency baked into their plan,' he said. Work with a fiduciary who understands the tech-policy overlap and can help you adapt as systems shift beneath your feet. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 These 10 Used Cars Will Last Longer Than an Average New Vehicle 10 Genius Things Warren Buffett Says To Do With Your Money This article originally appeared on 6 Ways To Rethink Retirement in an Ongoing DOGE Economy
