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Sickly Turn for WellCare
Updated from 11 a.m.
OKLAHOMA CITY -- WellCare (WCG Quote) shares lost as much as two-thirds of their value on Thursday following a government raid of its offices
The government has launched a massive investigation of the company, which supplies health insurance coverage exclusively to Medicare and Medicaid recipients. Among others, the Federal Bureau of Investigation and the Medicaid fraud unit for the state of Florida - the company's largest market - participated in the sweep. ...
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