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June 10, 2013

Another Day, Another Scandal

From WaPo.

Hundreds of federal employees were given advance word of a Medicare decision worth billions of dollars to private insurers in the weeks before the official announcement, a period when trading in the shares of those firms spiked.

The surge of trading in Humana’s and other private health insurers’ stock before the April 1 announcement already has prompted the Justice Department and the Securities and Exchange Commission to investigate whether Wall Street investors had advance access to inside information about the then-confidential Medicare funding plan.

Oh, good. Eric Holder is on the case. I feel better already.

posted by JohnE. at 10:22 AM

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The surge of trading in Humana’s and other private health insurers’ stock before the April 1 announcement already has prompted the Justice Department and the Securities and Exchange Commission to investigate whether Wall Street investors had advance access to inside information about the then-confidential Medicare funding plan. Oh, good. Eric Holder is on the case. I feel better already. posted by JohnE. at 10:22 AM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments Lady in Black[/i][/b][/u][/s]: "A friend of mine is selling her mini-farm in SC. I ..." Skip : "How stupid, found out my non media playing was be ..." m: "223 I'm officially getting older. Had to change my ..." Common Tater: "Yep, been there. A pack of dogs is a different sce ..." Ian S.: "[I]Meanwhile TSMC is scrambling to build an advanc ..." NaCly Dog: "{{{Ben Had}}} I chose to explain the Horde to m ..." 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