The Justice Department has launched a probe into UnitedHealth’s Medicare billing practices in recent months, sending the healthcare conglomerate’s shares nearly 12% lower.
UnitedHealth CEO said that healthcare in the U.S. needs to be “less confusing, less complex and less costly” during the company’s first earnings call since the murder of Brian Thompson.
CVS Health will be reportedly discontinuing 2,900 positions at its establishments across the U.S., following the company’s new plan to reduce costs by $2 billion.
UnitedHealth Group faces a major data breach as hackers claim to have stolen millions of sensitive records.
Wall Street finished mixed on Tuesday after fresh employment data bolstered bets that the U.S. Federal Reserve will cut interest rates as soon as March.