Report that UnitedHealth secretly paid nursing homes to cut hospital transfers sees stock plunge
1. UnitedHealth shares fell 4% after secret payment allegations emerged. 2. Allegations include risky cost-cutting practices affecting resident health. 3. The DOJ investigated and declined to pursue the allegations. 4. HSBC downgraded the stock to 'reduce' with a low price target. 5. Stephen Hemsley returned as CEO to mitigate ongoing crises.