Doctors, patients and health experts are bracing for massive coverage losses as House Republicans are poised to impose Medicaid work requirements as part of the 'big, beautiful bill' encompassing many of President Trump's legislative priorities. They are warning that a blizzard of red tape and administrative hurdles will strip people of needed healthcare.
UnitedHealth Group stock fell as much as 17% Thursday and closed down over 11% lower, touching its lowest levels in five years and marking a more than 50% drop over the last month as negative headlines for the insurance giant continue to add up.
A Massachusetts agency that oversees health insurance for 460,000 public employees, retirees and their dependents is unable to pay providers after running out of money.
HHS Secretary Robert F. Kennedy Jr., one of the nation's most publicly recognized vaccine skeptics, took a softened approach on vaccines when he answered questions before a House committee Wednesday morning, saying, 'I don't think people should be taking medical advice from me.'
Republicans on the House Energy and Commerce Committee advanced legislation Wednesday afternoon containing cuts to Medicaid and healthcare provisions — some of the most controversial and contentious provisions that will be included in the 'big, beautiful bill' of President Trump's ambitious legislative agenda. The panel voted along party lines 30-24 after a marathon meeting that lasted more than 26 hours with just two breaks for House votes. The bill now heads to the House Budget Committee, which will meet Friday morning to combine it with legislation from other committees advancing Trump's priorities — namely the extension of tax cuts and new tax breaks for tips and overtime pay.
The Department of Justice is carrying out a criminal investigation into UnitedHealth Group for possible Medicare fraud, The Wall Street Journal reported on Wednesday. The company's stock slipped 8% in after-hours trade following the report, which follows a series of problems at the insurer. While the exact nature of the criminal allegations is unclear, the probe by the healthcare fraud unit of the DOJ's criminal division has been active since at least last summer.