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UnitedHealth Group shares plunge 18% on reported DOJ probe into possible Medicare fraud

1. UnitedHealth shares fell 18% due to DOJ's criminal investigation news. 2. Investigation focuses on Medicare Advantage business practices amid unclear allegations. 3. The company's CEO transitions back to former CEO Stephen Hemsley. 4. UNH’s market cap has decreased by $300 billion in one month. 5. The company faces potential removal from the Dow Jones Industrial Average.

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FAQ

Why Very Bearish?

The ongoing investigations and significant share drop signal severe investor confidence issues, reminiscent of other healthcare scandals leading to substantial stock losses.

How important is it?

The criminal probe and CEO change are critical events, creating uncertainty and significant negative sentiment around UNH.

Why Short Term?

Immediate market reactions to investigations often result in swift price impacts, as seen with past health sector controversies.

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