DOJ launched probe into UnitedHealth for insider trading and attempted to stop monopoly

Multiple senior executives at UnitedHealthcare have been under 
investigation by the Department of Justice, though it is not clear if CEO 
Brian Thompson was part of that investigation before his murder.

Thompson was gunned down in midtown Manhattan on Wednesday morning in what 
police are calling a targeted attack.

There were reports that the executives were accused of insider trading and 
fraud, and last year the DOJ launched a probe into whether the nation’s 
largest insurer was unfairly restricting competitors and running a 
monopoly.

Last month, the DOJ along with attorneys generals from Maryland, Illinois, 
New Jersey and New York filed a lawsuit to block UnitedHealth Group 
Incorporated’s proposed $3.3 billion acquisition of rival home health and 
hospice provider Amedisys Inc.

The transaction, according to the complaint, would eliminate competition 
between UnitedHealth and Amedisys.

By eliminating the competition, patients who receive home health and 
hospice services would be harmed, as would insurers who contract for home 
health services and nurses who provide those services, according to the 
DOJ.

"We are challenging this merger because home health and hospice patients 
and their families experiencing some of the most difficult moments of 
their lives deserve affordable, high quality care options," Attorney 
General Merrick B. Garland said last month. "The Justice Department will 
not hesitate to check unlawful consolidation and monopolization in the 
healthcare market that threatens to harm vulnerable patients, their 
families, and health care workers."

Both companies view each other as close competitors for home health and 
hospice services, and UnitedHealth’s proposal would eliminate that 
competition.

UnitedHealth proposed divesting certain facilities to VitalCaring Group to 
address some of the overlaps between UnitedHealth and Amedisys, the DOJ 
said. But that proposal does not alleviate harm in over 100 home health, 
hospice and labor markets, the DOJ added, which generate over a billion 
dollars in revenue each year and serve at least 200,000 patients, while 
employing at least 4,000 nurses.

"American healthcare is unwell. Unless this $3.3 billion transaction is 
stopped, UnitedHealth Group will further extend its grip to home health 
and hospice care, threatening seniors, their families and nurses," 
Assistant Attorney General Jonathan Kanter of the Justice Department’s 
Antitrust Division said.

FOX Business reached out to UnitedHealth but has not yet heard back.


-- 
November 5, 2024 - Congratulations President Donald Trump.  We look 
forward to America being great again.

The disease known as Kamala Harris has been effectively treated and 
eradicated.

We live in a time where intelligent people are being silenced so that 
stupid people won't be offended.

Durham Report: The FBI has an integrity problem.  It has none.

Thank you for cleaning up the disaster of the 2008-2017 Obama / Biden 
fiasco, President Trump.  

Under Barack Obama's leadership, the United States of America became the 
The World According To Garp.  Obama sold out heterosexuals for Hollywood 
queer liberal democrat donors.