NYSE:UNHHealthcare
UnitedHealth (UNH) Faces A Big Investor Exit As Medicare Advantage Shrinks
Major long-term institutional investors, including Berkshire Hathaway and Appaloosa Management, have exited or cut positions in UnitedHealth Group (NYSE:UNH).
These moves come as UnitedHealth Group plans to reduce Medicare Advantage membership by 2 million to 3 million lives.
The membership pullback follows negative federal oversight findings related to care and claim denials within Medicare Advantage.
UnitedHealth Group sits at the center of US managed care, with Medicare Advantage a key...