UnitedHealth’s Shareholders Will See Dividend Boost
The UnitedHealth board approved an increase in quarterly dividends of more than 30 percent. Also in the news, a subsidiary of UnitedHealth Group is facing allegations of Medicare Advantage overpayments.
The Associated Press/Washington Post: Insurer UnitedHealth's Board Approves More Than 30 Percent Increase In Quarterly Dividend
The largest U.S. health insurer authorized a quarterly payout of 21.25 cents per share on June 22 to shareholders of record as of June 15. That's up from the previous dividend of 16.25 cents per share for the Minnetonka, Minn., company (6/6).
Modern Healthcare: $115 Million In Overpayments Alleged
A subsidiary of UnitedHealth Group was accused by auditors of receiving as much as $115 million in overpayments from the CMS in 2007 by inappropriately using patient diagnosis codes to increase risk-adjusted reimbursements in the population-based insurance program Medicare Advantage. … However, the office stopped short of recommending the CMS collect the projected figure from the company, saying PacifiCare officials should "work with" the Medicare agency to come up with an appropriate payment adjustment (Carlson, 6/6).