Why UnitedHealth Stock Sank Again Today
Shares of UnitedHealth Group (UNH -5.75%) plummeted again on Wednesday. The company's stock is down 5.8% as of market close, while the S&P 500 (^GSPC -1.61%) and the Nasdaq Composite (^IXIC -1.41%) lost 1.6% and 1.4%, respectively.The troubled health insurance giant is facing a new damaging report claiming it made secret payments to nursing homes in order to cut costs.UnitedHealth allegedly paid nursing homes to reduce hospital staysThe Guardian is reporting that UnitedHealth made secret bonus payments to n ...