UnitedHealth Group Incorporated (NYSE:UNH) is the largest healthcare benefits provider in America, but has seen a 40% loss in shares this year. Jim Cramer recently discussed the company, warning that Medicare fraud is a serious offense that could lead to prison time. The company’s troubles began with a weak quarter in April, attributed to high healthcare utilization rates. Despite being a major player in the Medicare Advantage space, UnitedHealth Group Incorporated (UNH) failed to avoid major missteps in underwriting, leading to significant financial losses. Investors are closely watching the company’s next moves amidst ongoing challenges.

Read more at 1. Elon Musk’s net worth surpasses $300 billion, becoming the richest person in the world. – finance.yahoo.com

2. The S&P 500 hits a record high as tech stocks rally, driven by strong earnings reports. – finance.yahoo.com

3. Amazon announces plans to invest $1 billion in affordable housing initiatives in three major U.S. cities. – finance.yahoo.com

4. The Federal Reserve signals interest rate hikes in response to rising inflation and strong economic growth. – finance.yahoo.com

5. Bitcoin reaches a new all-time high as investors flock to the digital currency amid global economic uncertainty. – finance.yahoo.com: “Medicare Fraud Is Prison,” Warns Jim Cramer