Medicare Fraud Probe Intensifies UHC Stock Selloff

UnitedHealth Group, known as UHC, is one of the biggest health insurers in the U.S. It serves millions of people, especially those on Medicare. Recently, news broke that UHC is facing a serious government probe. This investigation is about possible Medicare fraud. When this news came out, UHC’s stock price dropped sharply. Many investors got worried and started selling their shares fast.