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23.04.25 - 23:18
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Amedisys Q1 Profit Increases, Beats Estimates (AFX)
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WASHINGTON (dpa-AFX) - Amedisys (AMED) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.The company's bottom line totaled $61.01......
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21.02.25 - 15:12
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UnitedHealth Shares Puke As DoJ Launches Medicare Billing Practice Probe (ZeroHedge)
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UnitedHealth Shares Puke As DoJ Launches Medicare Billing Practice Probe
Shares of UnitedHealth Group plunged in premarket trading after a Wall Street Journal report revealed that the Justice Department had launched a civil fraud investigation into the healthcare group's billing practices, specifically examining how it records diagnoses that increase government payments to its Medicare Advantage plans.
The probe follows a series of WSJ reports last year that showed Medicare paid UnitedHealth billions for questionable diagnoses. DoJ attorneys recently interviewed medical providers cited in those articles.
This investigation adds to mounting scrutiny of the $460 billion healthcare giant, which is also facing an antitrust probe and a DoJ lawsuit to block its $3.3 billion acquisition of home-health company Amedisys.
UnitedHealth shares tumbled nearly 10% in premarket trading in response to WSJ's report. Shares are down nearly 25% since Luigi Mangione, the 26-year-old accused of killing U...
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