UnitedHealth shares slide as criminal probe report adds to investor fears
1. UNH shares fell over 15% amid DOJ investigation for Medicare fraud. 2. Company faces multiple inquiries and leadership changes impacting investor confidence. 3. Market cap could drop to $280 billion amidst ongoing turmoil. 4. Investors are concerned about rising medical costs and volatile outlook. 5. Previous earnings miss in April initiated a significant selloff.