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UnitedHealth's rough stretch continues, with buyouts, a reported DOJ probe and a 23% drop in three months

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It extends a tumultuous period for UnitedHealth marked by the killing of a top executive, a costly cyberattack against its subsidiary and high medical costs.
UnitedHealth Group, one of the largest health insurers in the U.S., is facing a challenging period marked by several significant issues. The company has experienced a 23% drop in its stock value over the past three months, influenced by a series of buyouts, a reported Department of Justice (DOJ) investigation, and operational challenges. The DOJ is reportedly probing UnitedHealth's acquisitions, particularly focusing on whether these deals have led to monopolistic practices in the healthcare sector. Additionally, UnitedHealth has been dealing with the fallout from a cyberattack on its Change Healthcare unit, which has disrupted billing and payment systems across the healthcare industry. This has led to delays in payments for healthcare providers, prompting the company to offer temporary financial assistance. Amidst these troubles, UnitedHealth has also been actively acquiring companies, including the recent purchase of Amedisys for $3.3 billion, aiming to expand its reach in home health services. These events collectively paint a picture of a company navigating through regulatory scrutiny, cybersecurity issues, and strategic expansion efforts during a tumultuous time.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/health/other/unitedhealth-s-rough-stretch-continues-with-buyouts-a-reported-doj-probe-and-a-23-drop-in-three-months/ar-AA1zwrYc ]