US Stock Market Move | UnitedHealth Group Incorporated (UNH.US) plunged more than 15% amid allegations of healthcare insurance fraud, prompting an investigation by the US Department of Justice.
After a nearly 18% drop in stock prices on Tuesday, UnitedHealth Group (UNH.US) fell over 15% again on Thursday, closing at $259.34.
After a sharp drop of nearly 18% in stock price on Tuesday, UnitedHealth Group Incorporated (UNH.US) fell again by over 15% on Thursday, to $259.34. It was reported that the US Department of Justice is investigating possible health insurance fraud by UnitedHealth Group Incorporated (UNH.US). The report states that the criminal department of the Department of Justice's healthcare fraud unit is overseeing the investigation, and has been actively investigating since at least last summer. UnitedHealth Group Incorporated insurance company stated that they have not yet received any notification from the Department of Justice regarding the investigation and they are committed to the integrity of their health insurance plans.
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