UnitedHealth tells Bloomberg Ackman tweet ‘grossly uninformed’

Following Bill Ackman’s tweet last night, UnitedHealth (UNH) told Bloomberg: “Any claims that health insurers, which typically have low- to mid-single digit margins, can somehow over-earn are grossly uninformed about the structure and strong regulatory oversight of the sector.” UnitedHealth added that it contacted the Securities and Exchange Commission about the since-deleted tweet. Shares of UnitedHealth are down 2%, or $12.07, to $533.13 in morning trading. Ackman last night said via X: “If I still shorted stocks, I would short United Healthcare. The @SECGov should do a thorough investigation of the company. I would not be surprised to find that the company’s profitability is massively overstated due to its denial of medically necessary procedures and patient care.”