Shares of U.S. health insurer UnitedHealth dropped Friday following news that the Justice Department has joined a lawsuit filed by a former executive. The lawsuit accuses the company of overcharging Medicare by hundreds of millions of dollars.
UnitedHealth stock, a component of the Dow Jones industrial average, ended the session about 3.7 percent lower, closing at $157.62 a share.
Shares of several other insurers also fell. They include Aetna, Humana,and WellCare, which whistle blower Benjamin P...
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Month: February 2017
Whistleblower Claims Pilot Flying J Fraud Cheated Federal Government
KNOXVILLE, Tenn. — The Pilot Flying J diesel rebate fraud scheme cheated not just trucking companies across the U.S. but the federal government, according to the man who says he helped crack the case.
John Verble, a former broker at Morgan Stanley Smith Barney's Knoxville branch office, says he was fired in 2013 for working with the FBI as an informant in the Pilot case and for alerting authorities to other questionable dealings he says he stumbled upon during his work there. The brokerage ...
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