Actions of the Unitedhealth Group action, as it opens, the fraud probe opens

Unitedhealth’s actions slide difficult as the investigation opens.
The government probe includes a possible fraudulent reloading of Medicare Advantage plans.
Stock Unh slides as low as 438.50, 10 months low.
The health insurer calls “false” and “outrageous” allegations.

Unitedhealth Group (Unh) On Friday morning, wrestling crashed in the airy of the up-to-date probation of the Department of Justice in the United States (Doj) (Doj) in the possible reloading of the Federal Government Service for Health Services of Pensioners.

Unh Stock dropped by as much as 12.7% in the open, but the actions fell about 9% closer to the lunch tilting near $ 457.

Unitedhealth Group is one of the largest farms in the medium -sized Jones Industrial (DJIA), which sank 0.88% at the time of writing, slightly worse than Nasdaq. Except UNH, Alphabet (Googl) He is dealing with allegations of European Union regulatory bodies, while Hims and her health (Hims) AND Arbor Realty Trust (ABR) Both tones of two -way numbers.

Unitedhealth group news

According to Wall Street Journal, the US Department of Justice opened an investigation into civil fraud regarding the business practices of the largest private health insurer in the country.

The rate is whether Unitedhealth intentionally burdened Medicare Advantage plans by adding false diagnoses to the medical records of some beneficiaries. Medicare Advantage plans are government healthcare plans that are managed by private health insurers in the USA.

It is a bit shocking for the market, because the probe comes during the Trump administration, which is seen as more loose in regulatory supervision and a supporter of deregulation. The magazine also says that in the investigation there is also the Office of the Inspector General in the Department of Health and Social Welfare of the USA, but none of the government agencies publicly comments or confirms the message.

For his part, the Unitedhealth spokesman called the accusations “outrageous” and “false”.

Unitedhealth has gained a number of negative headers over the past year. A year ago, the same milk introduced an antitrust probe to Unitedhealth. In November last year he sued the discontinuance of the proposed acquisition of Unitedhealth Amedisys (Amed). Then at the beginning of December last year, Luigi Mangione, a person furious the unpopular practice of a company consisting in denying reach, shot and killed health clothes in Manhattan, leading to the circuit.

Unitedhealth group stock chart

Unitedhealth’s actions were already down, because the 50-day straight average movable (SMA) drifted below the 200-day SMA at the end of January. This pattern is often referred to as the death cross and is seen as a long -term bear signal. The indicator of the moving medium convergence (MacD) shows a forceful bear, so many expect that the downward trend will be continued.

UNH shares found support for USD 438.50 shortly after the Friday opening, which is near April 12, 2024, low for USD 446.38. Shareholders hope that they are selling out here. Breaking this level of support will make support in November 2021 in $ 380.

Bulls will recognize this as a positive sign if UNH turns back above USD 475, which acted as support in mid -December.

Unh Daily Mapher