The United Health Group shares collapses after the Ministry of Justice opened an investigation

• The United Health Group shares decreased strongly with the Ministry of Justice to open an investigation.
• The government investigation includes the possibility of imposing excessive fees on the plans of Medicir Advanc.
• UNH shares drop to $ 438.50, its lowest level in 10 months.
• The health insurance company describes allegations as “false” and “horrific”.

United Health Group shares (UNH) Friday morning, in light of a new investigation by the US Department of Justice (Doj), it collapsed about the possibility of excessive fees on the federal government of health services for retirees.

UNH fell by up to 12.7% at the opening, but the shares now decreased by about 9% near lunch at about $ 457.

UNITEDHELHELH GROUP is one of the largest components in the DJIA, which decreased by 0.88% at the time of writing this report, and is slightly worse than the Nasdak index. In addition to UNH, face Googl (Googl) Accusations from the European Union organizers, while both decreased HIMS & HERS Health (HIMS) andArbor Realty Trust (ABR) Double.

UnitedHealth Group

The US Department of Justice has opened a civil investigation into business practices for the largest health insurance company in the country, according to the Wall Street Journal.

The issue raised is whether United Health has deliberately imposed excessive fees on Medicir Advannit’s plans by adding false diagnoses to the medical records of some beneficiaries. Medicer Advancal plans are government health care plans managed by private health insurance companies in the United States.

This is a bit shocking to the market because the investigation comes during the Trump administration, which is considered to be easier in organizational control and supporting the cancellation of the organization. The newspaper also says that the Office of the Inspector General of the US Department of Health and Humanitarian Services is also involved in the investigation, but no government agencies are suspended or confirmed news publicly.

For her part, UNITEDHELTH spokeswoman described the accusations as “horrific” and “false”.

UNITEDHEILTH got a number of negative headlines over the past year. A year ago, the same office of the Ministry of Justice launched an anti -monopoly achieved against UNITEDHELHELTH. Last November, a lawsuit to stop the proposed acquisition was filed Amidis (amed). Then in early December last year, Lloyd mangoni, an angry individual of the non -popular company, fired the fire, and killed a senior executive of the Manhattan Health Insurance Company, which led to the chase of a man.

UNITEDHELHELH GOUP

UNITEDHEALTH GROUP was already in a declining direction, as the simple moving average for 50 days was slipped without a simple moving average for 200 days by late January. This style is often referred to as “the intersection of death” and is considered a long -term significant signal. The rapprochement/spacing index (MACD) shows a strong declining intersection, so many expect the declining direction.

UNH shares found support at 438.50 dollars shortly after the opening of Friday, which is close to the lowest level on April 12, 2024 at $ 446.38. The shareholders hope that the sales will stop here. Breaking this support level will make November 2021 support in a range of $ 380 on hand.

The heights will be considered a positive sign if the UNH trading above $ 475, which worked as support in mid -December.

A daily graph of UNH