Recent headlines say United Healthcare is under criminal investigation by the DOJ for possible Medicare fraud.
I have not yet read the details. It seems to be related to Advantage plans, but the WSJ article is behind a paywall. (I will pay for my grandfathered UNH Plan F — but I resist paywalls. Go figure.)
UNH stock has been more than cut in half. If the company is found guilty of criminal fraud, will the guilty, powerful ones go to jail? (HAH)
Will the company survive?
Will Plan F and Plan G survive? (I like the choice those plans give, even though the cost of the premiums is higher. A friend who worked in geriatric care told me to never give up Medicare as primary and to add a supplement. We took that advice and have been glad we did, but losing that choice feels like a possibility.)
There are so few companies in that business, if UNH is taken out, then what?
Is this DOJ investigation just the tip of the iceberg? Are the ice floes looming?
Boomer