Justice Department launches antitrust investigation into UnitedHealth Group (UNH) - WSJUNH -0.38% Add to/Remove from WatchlistA report by The Wall Street Journal on Tuesday stated that the US Justice Department has launched an antitrust investigation into UnitedHealth Group (NYSE: ). Citing people with knowledge of the matter, the publication says that in recent weeks, investigators have been questioning healthcare-industry representatives in sectors where UnitedHealth competes. In addition, investigators asked about relationships between UnitedHealthcare's insurance unit and Optum, which owns physician groups. They are said to have also inquired about the impact of the company's acquisitions of doctor groups on competitors and consumers. Reacting to the report, analysts at TD Cowen said, "The Biden DOJ has been aggressive and has prioritized the healthcare sector."

Source: Wall Street Journal February 29, 2024 02:41 UTC