Overview

• The Department of Justice is actively investigating UnitedHealth Group for potential Medicare Advantage fraud, with the probe reportedly ongoing since mid-2023.
• UnitedHealth has stated it has not been formally notified of the investigation and defends the integrity of its Medicare Advantage program.
• The company’s stock price has plummeted nearly 50% in the past month, exacerbating financial and operational challenges.
• Andrew Witty has resigned as CEO, with former CEO and current chairperson Stephen Hemsley stepping into the role during this period of upheaval.
• This criminal probe adds to ongoing civil fraud and antitrust investigations, heightening regulatory scrutiny on the health insurance giant.