UnitedHealth under federal investigation, company says in filing

Source: ABC News

UnitedHealth Group faces a criminal and civil investigation from the Department of Justice, the company disclosed on Thursday.

The company in an SEC filing said it was complying with the requests from the DOJ. UnitedHealth said it reached out "proactively" to the DOJ after media reports about a probe into its Medicare practices.

"The Company has now begun complying with formal criminal and civil requests from the Department. The Company has full confidence in its practices and is committed to working cooperatively with the Department throughout this process," UnitedHealth said.

UnitedHealth's announcement that it faces a federal investigation adds to an increasingly tumultuous year for the country's largest healthcare company.

Read more: https://finance.yahoo.com/news/unitedhealth-group-under-federal-investigation-142700837.html