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In 2002, United Health Group acquired Medicaid insurance company Ameri Choice.In 2003, United Health Group acquired Mid Atlantic Medical Services, an insurer serving Maryland, Washington D. Also in 2003, United Health Group acquired Golden Rule Financial, a provider of health savings accounts.Cuomo said this inappropriately allowed health insurance companies to deny a portion of provider claims, thereby pushing costs down to members.

Also in 1994, United Health acquired Ramsey-HMO, a Florida insurer.Investigations were also begun by the Internal Revenue Service and prosecutors in the U. attorney's office for the Southern District of New York, who subpoenaed documents from the company.The investigations came to light after a series of probing stories in the Wall Street Journal in May 2006, discussing apparent backdating of hundreds of millions of dollars' worth of stock options by UHC management.The backdating apparently occurred with the knowledge and approval of the directors, according to the Journal.Major shareholders have filed lawsuits accusing former New Jersey governor Thomas Kean and UHC's other directors of failing in their fiduciary duty. Mc Guire was forced to resign, and relinquish hundreds of millions of dollars in stock options.

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