UnitedHealth Group (UNH) Responds to the Department of Justice

UnitedHealth Group Incorporated (NYSE:UNH) is one of the top low volatility healthcare stocks to buy now. On July 24, UnitedHealth Group Incorporated (NYSE:UNH) released a statement responding to the Department of Justice after a review of the media reports about investigations into specific aspects of its involvement in the Medicare program.

UnitedHealth Group Incorporated (NYSE:UNH) stated that it has now begun complying with the formal criminal and civil requests from the Department, and has “full confidence in its practices and is committed to working cooperatively with the Department throughout this process”.

It added that UnitedHealth Group Incorporated (NYSE:UNH) has a historical record of “responsible conduct and effective compliance,” with independent CMS audits showing that its practices are ranked “among the most accurate in the industry.”

Management stated that after a decade-long civil challenge by the Department to aspects of the company’s Medicare Advantage business, “a court-appointed Special Master concluded there was no evidence to support claims of wrongdoing”.

UnitedHealth Group Incorporated (NYSE:UNH) has launched its own initiative to provide confidence and transparency to stakeholders, focusing on conducting “third-party reviews of policies, practices, and associated processes and performance metrics for risk assessment coding, managed care practices, and pharmacy services.”

UnitedHealth Group Incorporated (NYSE:UNH) provides healthcare coverage, data consultancy, and software services. It operates through the OptumRx, OptumInsight, OptumHealth, and UnitedHealthCare segments, which have solid operations.

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Disclosure: None. This article is originally published at Insider Monkey.