UnitedHealth Group was found in a report released Wednesday by the Guardian to have placed its workers in nursing homes and then paid them bonuses to reduce hospital transfers. After the report was released, the stock fell around 5.78%, or $14 billion, as of Wednesday afternoon.
At least one patient now lives with permanent brain damage after delayed transportation at the hands of a UnitedHealth staffer, according to the report. However, UnitedHealth asserted the report is untrue and that the bonuses are to ensure the prevention of unnecessary hospitalizations.
The report also revealed the high usage of and profiting from Medicare Advantage by UnitedHealth. Medicare Advantage is used by over half of the Medicare-eligible population, according to the Congressional Budget Office, and 1-in-5 Medicare users has
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