Overview
- A Guardian investigation revealed UnitedHealth allegedly paid nursing homes bonuses to reduce hospital transfers, raising concerns about patient safety.
- The U.S. Department of Justice previously investigated these claims and declined to pursue them, citing significant factual inaccuracies in the allegations.
- UnitedHealth's stock has dropped over 6% following the report, contributing to a nearly 40% decline year-to-date and a $140 billion market cap loss since April.
- The Centers for Medicare & Medicaid Services announced plans to expand annual audits of Medicare Advantage contracts, increasing regulatory pressure on the insurer.
- Stephen Hemsley has returned as CEO to navigate the company through ongoing legal, financial, and reputational challenges after Andrew Witty's abrupt resignation.