Justice Department Opens Antitrust Investigation into UnitedHealth Group
The investigation focuses on potential anticompetitive practices within UnitedHealth's insurance and healthcare services divisions.
- The U.S. Justice Department has initiated an antitrust investigation of UnitedHealth Group, targeting the company's insurance and healthcare services sectors.
- Investigators are examining the relationships between UnitedHealthcare, the nation's largest health insurer, and its Optum division, which includes a rapidly expanding unit that owns and manages medical groups.
- The probe follows a failed attempt by the Justice Department to block UnitedHealth's acquisition of Change Healthcare in 2022, citing concerns over competition.
- UnitedHealth Group's shares fell by 2.27% following the announcement of the investigation.
- The investigation is part of a broader Biden administration effort to increase antitrust scrutiny across major sectors, including healthcare.