Yesterday it was an investigation of the Indiana BOP involved with WAGS
Today it is calling for an investigation of WAGS in Florida
So many getting caught with their hand in the “cookie jar”..
http://www.advfn.com/nyse/StockNews.asp?stocknews=CVS&article=42660125
https://oig.hhs.gov/fraud/cia/agreements/cvs_cia_executed.pdf
From the Article:
Twenty-four states are participating in the multistate investigation of CVS Caremark Corp.’s (CVS) business practices, as are Washington, D.C., and Los Angeles County, the merged drug retailer and pharmacy benefits manager disclosed Tuesday. In a separate matter, the company said it received a federal subpoena in March related to an investigation of possibly improper Medicaid and Medicaid payment claims. The multistate probe, the existence of which news organizations reported several weeks ago, involves issues similar to those being investigated by the Federal Trade Commission, CVS Caremark
They only operate in 42 states
And the stock closed <$1.00 off of all time high.. I guess getting investigated by the FEDS.. the market seems to like it …
Filed under: General Problems
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