Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
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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