U.S. prosecutors charged more than 400 people with participating in health care fraud and opioid scams totaling $1.3 billion in false billing in what Attorney General Jeff Sessions called "the largest health care fraud takedown operation in American history," AP reported.
Some of those charged include a Florida rehab facility accused of luring in addicts with gift cards and visits to strip clubs, Michigan doctors who prescribed unnecessary opioids, and more than 120 people involved in prescribing and distributing narcotics.
The DOJ said the people charged were illegally billing Medicare, Medicaid and health insurance programs for members of the armed forces. Some doctors, nurses and pharmacists billed the programs for unnecessary drugs that were never purchased or passed on to the patient.
"They seem oblivious to the disastrous consequences of their greed," Sessions said.
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"At some point it has to fall to gravity," he said told TheStreet's Scott Gamm in an interview. "It's been trading on a different planet for years and now it has to trade on Earth." Amen.
Relax Apple stock bulls: For now, reports suggest a moderate delay in the Apple (AAPL) - Get Report iPhone 8 ramp, rather than something more severe points out TheStreet's Eric Jhonsa. So far, the market has shrugged off concerns on a possible delayed iPhone 8 release (as in it misses the holiday launch window). But it's worthwhile to keep something in mind: Apple shares have lagged the S&P 500 over the past month, so some doubt may be trickling into the bull camp.
This beverage executive just went off the rails: Hat tip to TheStreet's Lindsay Rittenhouse for an insightful interview with SodaStream's (SODA) - Get Report CEO Daniel Birnbaum, who pulled no punches in his views on PepsiCo (PEP) - Get Report and Coca-Cola (KO) - Get Report .
Said Birnbaum on why his company's stock has surged this year:
The company is addressing mega trends - health and wellness, convenience, consumer choice and good, important values. We have the right product at the right time. Our competition is prehistoric and that might explain the success we've seen around the world, particularly in Japan, New Zealand, Canada, Germany, Norway, all over the world. This is not a local phenomenon. This is a global mega trend. We're looking to embrace a sustainable world for our children to live in.
Birnbaum didn't shut the door on making acquisitions, either.
The discount retailer, which has sought to slash prices this year to better compete with rivals Walmart (WMT) - Get Report and Amazon (AMZN) - Get Report , said Thursday its second quarter results would come in above the high-end of its estimates for 95 cents a share to $1.15 a share. Target credited improved traffic and sales trends through the first two months of the second quarter.
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