UnitedHealth Group (UNH, Financial) experienced a significant drop in its stock price, plunging nearly 13% to $438.5. This decline follows a report by The Wall Street Journal indicating that the U.S. Department of Justice (DOJ) has initiated an investigation into the company's billing practices related to its health insurance operations.
In response to these claims, UnitedHealth has stated that the report from The Wall Street Journal contains misinformation. The company is addressing the situation and aims to clarify any misunderstandings regarding its billing practices.