Overview

• UnitedHealth disclosed on July 24 that it is subject to both formal criminal and civil Department of Justice requests into its Medicare Advantage billing practices.
• The insurer said it proactively reached out to the DOJ after reviewing media reports and has begun complying with its subpoenas.
• It launched independent third-party reviews of risk-adjustment coding, managed-care practices and pharmacy services to bolster its compliance frameworks.
• Its shares fell nearly 4% in premarket trading following the disclosure of the inquiries.
• UnitedHealth is scheduled to address the investigations and its second-quarter results during its July 29 earnings call.