UnitedHealth stock drops 17% after report it is being probed by DOJ for alleged Medicare fraud
1. UNH faces a DOJ probe over possible Medicare fraud allegations. 2. Stock dropped 17% on investigation news, over 50% decline in a month. 3. CEO Andrew Witty was ousted amid growing scrutiny and cyberattack fallout. 4. UnitedHealth disputes fraud claims, stating their Medicare Advantage program is sound. 5. Ongoing investigations include civil and antitrust probes affecting company reputation.