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UnitedHealth Group, the nation's largest private insurer, confirmed a Department of Justice investigation into its Medicare billing practices. The DOJ's probe includes criminal and civil inquiries, prompting UnitedHealth to initiate a third-party review. While the company asserts confidence in its practices and cooperation with the investigation, its stock dropped 2% following the announcement. This development follows previous reports of both civil and criminal investigations into potential Medicare fraud and follows the recent departure of its CEO. UnitedHealth cites independent audits supporting its billing accuracy.

Prepared by Christopher Adams and reviewed by editorial team.