FBI Raids Offices of Huge Medicare Provider

By Joseph Rhee

Oct 24, 2007 4:05pm

Federal and state agents executed a search warrant today at the corporate offices of WellCare Health Plans in Tampa, Fla.  The health care giant provides managed care services for more than two million people nationwide through Medicare and Medicaid. The U.S. Attorney’s Office, which is leading the investigation, refused to comment on why the raid was conducted, saying only that "the ongoing investigation does not concern…the delivery of any health care service to any person." Agents from the Medicaid Fraud Unit of the Florida Attorney General’s Office also took part in the raid. Click Here for Full Blotter Coverage. Business has boomed for WellCare in recent years through its administration of Medicare’s prescription drug program. The company has more than two million members nationwide and has projected revenues of almost $5 billion for 2007. Trading in the company’s shares was halted today in the wake of the search warrant. WellCare did not return the Blotter’s request for a comment on the raid.  The company, however, did issue a statement, reading, "Today federal and state officials executed a search warrant at our Tampa headquarters. We are cooperating with the authorities.  Our number one priority is making sure that our members have access to needed care and services. Our essential services are operational and will remain uninterrupted." Photo courtesy of WFTS ABC Action News. Click Here to Register for Blotter Alerts.

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