UnitedHealth Stock Sinks on Reported DOJ Probe Into Medicare Advantage Billings

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UnitedHealth Group (UNH) shares are tumbling more than 10% Friday morning following a report that the U.S. Department of Justice is investigating the healthcare giant's Medicare billing practices. According to The Wall Street Journal, the DOJ is investigating whether UnitedHealth tends to over-diagnose conditions that can earn it extra payouts from the Medicare Advantage program. The newspaper had reported on allegations of the practice in December, with doctors telling the outlet they were trained to "document revenue-generating diagnoses, including some they felt were obscure or irrelevant." UnitedHealth Has Said WSJ...