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UnitedHealth says it is under a U.S. federal investigation and co-operating
The logo for UnitedHealth Group appears above a trading post on the floor of the New York Stock Exchange, April 17, 2025. (AP Photo/Richard Drew) Shares of UnitedHealth Group slipped Thursday after the health care giant said it was under a U.S. Department of Justice investigation. The company said it has started complying with both criminal and civil requests from federal investigators and it was cooperating with them. '(UnitedHealth) has a long record of responsible conduct and effective compliance,' the company said in a Securities and Exchange Commission filing. Earlier this year, The Wall Street Journal said federal officials had launched a civil fraud investigation into how the company records diagnoses that lead to extra payments for its Medicare Advantage, or MA, plans. Those are privately run versions of the government's Medicare coverage program mostly for people ages 65 and over. The company's UnitedHealthcare business covers more than 8 million people as the nation's largest provider of Medicare Advantage plans. The business has been under pressure in recent quarters due to rising care use and rate cuts. The Journal said in February, citing anonymous sources, that the probe focused on billing practices in recent months. The paper then said earlier this month that a federal criminal health care-fraud unit was investigating how the company used doctors and nurses to gather diagnoses that bolster payments. UnitedHealth Group Inc. said that it reached out to the Justice Department 'after reviewing media reports about investigations into certain aspects of the company's participation in the Medicare program.' UnitedHealth runs one of the nation's largest health insurance and pharmacy benefits management businesses. It also operates a growing Optum business that provides care and technology support. UnitedHealth raked in more than US$400 billion in revenue last year as the third-largest company in the Fortune 500. Last year, its share price topped $630 to reach a new all-time high. But company shares have mostly shed value since December, when UnitedHealthcare CEO Brian Thompson was fatally shot in midtown Manhattan on his way to the company's annual investor meeting. A 26-year-old suspect, Luigi Mangione, has been charged in connection with the shooting. In April, shares plunged after the company cut its forecast due to a spike in health care use. A month later, former CEO Andrew Witty resigned and the company withdrew its forecast. The stock price slipped another 2%, or $5.12, to $287.39 Thursday morning. That represents a 54% drop from its all-time high. UnitedHealth will report its second-quarter results next Tuesday. Tom Murphy, The Associated Press
CTV News
30 minutes ago
- CTV News
Sask. adding 77 permanent positions to rural hospitals
WATCH: As Wayne Mantyka tells us, help is on the way for those working in rural hospitals across Saskatchewan. The province says help is on the way for rural hospitals across Saskatchewan, with 77 full-time positions being created across 30 communities. The province hopes it will help stabilize the provision of emergency and other services. 'I am pleased that we have the chance to celebrate the ongoing efforts to reduce service disruptions in rural and northern communities and today I am very pleased to announce 77 new and enhanced permanent full-time positions to 30 different rural and northern communities,' Health Minister Jeremy Cockrill said on Wednesday. Most of the 77 positions are currently being filled by part-time and temporary staff, but it's difficult to retain workers without offering full-time job stability. 'Adding more full-time roles will help attract more professionals, support existing employees by providing better staffing coverage, improve team cohesiveness and provide a safer work environment for workers and providers,' Cockrill said. Cockrill made the announcement in Moose Jaw, where seven permanent nursing jobs will be added. Other rural communities like Kipling, southeast of Regina, will gain two permanent nursing positions. The Opposition NDP is questioning how the positions will be filled. 'You know as of this morning according to publicly available data, we have 1,647 vacant health care positions in the province and so why should people believe that [with] these 77 the Sask. Party will be able to fill whereas the previous 1,647 they could not,' NDP MLA Keith Jorgenson said. The Saskatchewan Health Authority does not know how long it will take to fill the 77 permanent positions but with any of the spots already filled by parttime and temporary workers, convincing them to go full-time could make the job easier.
CTV News
30 minutes ago
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Pura Scents recalling more than 850,000 diffusers as magnet issue may cause ingestion hazard
Pura Scents is recalling more than 850,000 diffusers because some magnets may detach and cause a possible ingestion hazard to children. The company is recalling about 851,400 Pura 4 Smart Home Fragrance Diffusers with detachable covers. It said an additional 1,100 were sold in Canada. Pura Scents said that the magnets on the inside cover of the product can detach, posing an ingestion hazard to children. When high-powered magnets are swallowed, the ingested magnets can attract each other, or other metal objects, and become lodged in the digestive system. This can result in perforations, twisting or blockage of the intestines, infection, blood poisoning and death. The company has received three reports of magnets detaching from the cover. No injuries have been reported. The diffusers were sold at Target, Scheels and other stores nationwide from August 2023 through May 2025 for about US$50. They were also sold online through Pura's website, as well as online at Amazon, Target and Scheels. Pura Scents is offering a free replacement cover. Consumers are advised to immediately dispose of the existing detachable cover and to keep the diffusers out of the reach of children and pets. To receive the free replacement cover, individuals may contact Pura Scents at 855-394-5292 from 9 a.m. to 5 p.m. MT Monday through Friday. The company can also be emailed at replacement@ Consumers may also visit the company's website and click on 'Recall' at the bottom of the page for more information. Michelle Chapman, The Associated Press
