Why did United healthcare stock drop $12 today?

UnitedHealthcare's stock drop of $12 today can be attributed to several factors:

1. Investor Sentiment: Investor sentiment can be influenced by various factors, including market trends, industry news, and company-specific developments. Today, the stock's decline may reflect a broader market sentiment or concerns specific to the healthcare industry or UnitedHealthcare's position within it.
2. Regulatory Investigation: The U.S. Department of Health and Human Services is investigating the cyberattack on UnitedHealth's subsidiary, Change Healthcare, which handles a significant portion of the nation's medical claims. This investigation could lead to regulatory actions that could impact the company's operations and raise concerns among investors.
3. Cybersecurity Risks: The cyberattack on Change Healthcare has highlighted the vulnerabilities of the healthcare industry to cyber threats. This could lead to increased scrutiny of cybersecurity measures across the industry, potentially raising costs and creating operational challenges for UnitedHealthcare.
4. Impact on Operations: The cyberattack has disrupted operations for UnitedHealthcare, including pharmacy services and medical claims processing. While the company is working to restore these systems, the temporary disruptions could lead to lower productivity and increased costs.
5. Lawsuit Over Data Breach: UnitedHealthcare is facing a class action lawsuit over the data breach, which could result in significant financial and reputational consequences if the company is found liable.

In conclusion, the $12 drop in UnitedHealthcare's stock price today can be attributed to a combination of investor sentiment, regulatory investigation, cybersecurity risks, operational disruptions, and legal challenges. These factors collectively contribute to market concerns and potential impacts on the company's financial performance and investor confidence.