UnitedHealth Group (UNH) implemented aggressive tactics to collect payment-boosting diagnoses for Medicare Advantage members, The Wall Street Journal reported Monday, citing a Senate committee investigation.
Under Medicare Advantage, the government pays extra money for seniors and disabled patients with certain costly medical conditions, according to the report. The Senate Judiciary Committee review of UnitedHealth records found the company turned that process, known as risk adjustment, "into a business," the report said, citing the probe.
UnitedHealth didn't immediately reply to a request for comment from MT Newswires.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments