UnitedHealth Hit With $1M Fine for Failing To Comply With NY Contraceptive Law
Portfolio Pulse from Vandana Singh
UnitedHealth Group (NYSE:UNH) has agreed to a $1 million penalty for failing to comply with New York's contraceptive coverage law. The settlement includes refunds for affected individuals. This follows an investigation initiated by a patient complaint. Additionally, UnitedHealth is addressing a recent ransomware attack on its Change Healthcare unit.
June 21, 2024 | 2:13 pm
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UnitedHealth Group has been fined $1 million for failing to comply with New York's contraceptive coverage law. The company will also refund affected individuals. This comes amid a recent ransomware attack on its Change Healthcare unit.
The $1 million fine and the need to issue refunds could have a negative short-term impact on UnitedHealth's stock price. Additionally, the recent ransomware attack adds to the company's challenges, potentially affecting investor sentiment.
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IMPORTANCE 80
RELEVANCE 100