United Health sinks after being sued by the US government
United Health is down 3.76% at $157.50 a share on Friday morning after news that the US Justice Department joined a 2011 lawsuit by a former United Health executive against the health insurer.
The lawsuit claims that United Health overcharged Medicare by hundreds of millions of dollars by claiming the program's participants were sicker than they actually were, according to the law firm Constantine Cannon LLP.
Constantine Cannon posted the lawsuit online when it was unsealed on Thursday.
See Also: Unilever rejected Kraft's takeover offer and the stock is soaring
Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!
- Fresh photographs of Milky Way’s black hole Sgr A* reveal strong, twisted magnetic field similar to M87*
- 8 Lesser-known places to explore in Himachal Pradesh
- Markets end FY24 on buoyant note amid positive global cues
- SRM Contractors IPO allotment – How to check allotment, GMP, listing date and more
- Rupee falls 6 paise to settle at 83.39 against US dollar