Overview

• DOJ investigators have interviewed former UnitedHealth doctors and employees to probe whether they were trained to submit diagnoses that yield higher payments under Medicare Advantage.
• Shareholders have filed multiple derivative lawsuits in Minnesota accusing current and former leaders, including Stephen Hemsley and Andrew Witty, of breaching fiduciary duties, engaging in insider trading and unjust enrichment.
• One lawsuit claims that inflated coding practices continued through 2024, generating billions in excess reimbursements and artificially boosting UnitedHealth’s financial results and share price.
• UnitedHealth’s shares have dropped approximately 40% since January, erasing about $119 billion in market capitalization this year.
• The company denies receiving formal notice of a DOJ probe and calls related media coverage incomplete and flawed as it readies its second-quarter earnings report and updated guidance on July 29.