Report that UnitedHealth secretly paid nursing homes to cut hospital transfers sees stock plunge

UnitedHealth shares fell more than 4% on Wednesday after the UK’s Guardian newspaper reported that the company made secret payments to nursing homes to reduce hospital transfers, adding to the woes of the healthcare conglomerate.The alleged action, part of a series of cost-cutting tactics, has saved the company millions, but at times risked residents’ health, the Guardian reported, citing an investigation.The allegations add to the litany of negatives that have hurt UnitedHealth in the last several months, ...