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Medicaid Suit Mangles Amerigroup
Amerigroup (AGP Quote) has every reason to tremble this Halloween.
The health insurer, which serves poor people on Medicaid, has just been slapped with a huge courtroom loss that could deplete the company's cash balance and still leave it scrambling for more. The company faces penalties of $144 million -- and counting -- for violating the False Claims Act.
Its stock plummeted 14% to $30.50 a share on the news. ...
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