UnitedHealth under criminal investigation for Medicare fraud
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UnitedHealth, CEO and Hemsley
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It keeps getting worse for UnitedHealth Group Inc. investors, as a report of a criminal investigation into its Medicare practices sent the stock diving again in early Thursday trading.
Wall Street stocks ended mixed on Thursday, with gains in Cisco Systems following an upbeat forecast, while UnitedHealth tumbled after a report of a criminal investigation into the insurer.
Stephen Hemsley hasn’t been CEO at UnitedHealth Group in nearly a decade yet he’s never really left. Hemsley, 72, has remained chairman and a major shareholder in the health care behemoth — and now is back in the CEO
UnitedHealth Group Incorporated's selloff appears overdone, with strong fundamentals and recovery potential. Find out why UNH stock is a buy.
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The S&P 500 teetered between gains and losses in a choppy session on Thursday as elation from the U.S.-China tariff truce tapered off, with UnitedHealth among the biggest losers after a report said the DoJ was investigating the insurer for fraud.
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In 2024 the 50 largest public companies in Minnesota saw their total revenue grow a collective 3.4% and profits by 11%. But new tariff proposals, policy changes and sinking consumer confidence threaten growth.