UnitedHealth Group Stock Drops As Feds Reportedly Probe Its Medicare Billing
1. DOJ investigates UNH's Medicare billing practices. Probe may trigger regulatory risks. 2. Report alleges UNH encouraged extra diagnoses for Medicare Advantage payments. This could affect its revenue streams. 3. Shares dropped up to 12.7% at open. Market cap fell by $40 billion in one trading session. 4. Analyst suggests current selloff may be an overreaction. Regulatory sentiment appears heightened post-incident.