UnitedHealth stock slides on report it paid nursing homes to reduce hospital transfers

  • UnitedHealth Group Inc (NYSE:UNH, ETR:UNH) shares fell more than 4% following a report by The Guardian which alleged the company secretly paid nursing homes substantial bonuses to reduce hospital transfers of sick residents. The practice was reportedly part of a broader cost-cutting strategy aimed at lowering expenses for UnitedHealth's Medicare Advantage business, saving it millions of dollars.