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What: Shares of Centene
So what: Georgia said it was going to double check Medicaid records for overpayments, and AMERIGROUP
Now what: It seems a little odd that neither insurers nor anyone in the government knew that these double payments were happening. What should be good for taxpayers is a drag for investors today, and who knows exactly what the impact will be. For now it’s a big unknown but a number of insurers have been dragged lower today and I’m leery of buying on the dip.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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