What’s going on at WellCare?

The health insurer is being investigated by the government, and its stock is getting crushed.

Is it the beginning of the end? The WSJ Health Blog on a company under siege:

The raid was timed to the quarterly meeting of the company’s board of directors, the St. Petersburg Times reports. And several agents made a beeline for the boardroom.

The paper says directors (including CEO Todd Farha) were held in the boardroom for several hours of questioning.

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