Justice Department to Charge 450 Defendants in $6.5B Healthcare Fraud
The Justice Department is expected to charge around 450 defendants for alleged healthcare fraud totaling over $6.5B, The Wall Street Journal's Sabrina Siddiqui and Christopher Weaver reports. The operation spans 57 federal-court districts and 41 states, including 90 medical professionals and over 100 Medicaid fraud defendants, according to the report, which adds that the Justice Department will unveil new data-sharing agreements with the FTC, Homeland Security, and CMS to expand fraud detection. Publicly traded companies in the space include CVS Health (CVS), Centene (CNC), Cigna (CI), Elevance Health (ELV), Humana (HUM), Molina Healthcare (MOH) and UnitedHealth (UNH).
