UnitedHealth Group revealed it is facing a Justice Department criminal and civil investigation over its Medicare billing practices, adding to a string of setbacks for a company that owns America’s largest and most powerful private insurer. UnitedHealth also said it has launched a third-party review of its business policies and performance metrics. It comes after a tumultuous last year for UnitedHealthcare, the nation’s largest and most powerful private health insurer.
UnitedHealth Group revealed Thursday it is facing a Department of Justice investigation over its Medicare billing practices, adding to a string of setbacks for a company that owns the nation’s largest and most powerful private insurer.
In a securities filing, the company said it has started complying with formal criminal and civil requests from the DOJ, and that it reached out to the department after reports of the probes surfaced. UnitedHealth also said it has launched a third-party review of its business policies and performance metrics.
The company told CNBC that it expects to complete that review towards the end of the