DOJ Probe of UnitedHealth Spawns Shareholder Lawsuit

Although the outcome of a Dept. of Justice investigation into UnitedHealth Group is far from certain, it recently led UnitedHealth shareholders to file a lawsuit claiming that the company deceived investors before the DOJ investigation came to light.

In February, news broke that the DOJ had been quietly looking into UnitedHealth’s buyup of physician practices — including how that vertical consolidation affects rival providers and health insurers — as well as Medicare Advantage billing issues. UnitedHealth’s shares tumbled on the news, which came to light after the New York-based Examiner News obtained an internal email showing the firm first became aware of the investigation in October 2023.

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Leslie Small

Leslie Small

Leslie has been working in journalism since 2009 and reporting on the health care industry since 2014. She has covered the many ups and downs of the Affordable Care Act exchanges, the failed health insurer mega-mergers, and hundreds of other storylines spanning subjects such as Medicaid managed care, Medicare Advantage, employer-sponsored insurance, and prescription drug coverage. As the managing editor of Health Plan Weekly and Radar on Drug Benefits, she writes and edits for both publications while overseeing a small team of reporters who also focus on the managed care sector. Before joining AIS Health, she was a senior editor for the e-newsletter Fierce Health Payer, and she started her career as a copy editor at multiple local newspapers. She graduated with a dual degree in journalism and political science from Penn State University.

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