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A divided federal appeals court on Dec. 27 threw out insider trading convictions of four defendants, including two former hedge fund partners, over leaks from a U.S. health care agency about planned changes to Medicare reimbursement rates, reports Reuters. In a 2-1 decision, the 2nd U.S. Circuit Court of Appeals dismissed fraud and theft charges, holding that the May 2018 convictions could not stand after a 2020 Supreme Court ruling that clarified when alleged misuse of property triggered federal fraud laws.
1. Cigna sued for allegedly auto-denying over 300,000 medical claims
2. FTC refunds customers for fraudulent health plans sold by Benefytt
3. Health systems consider dropping Medicare Advantage plans due to financial losses
4. UnitedHealth faces rising lawsuits following Change Healthcare cyberattack
5. MedPAC calls for 'major overhaul' of Medicare Advantage policies
6. Medicare to cover Novo Nordisk's weight-loss drug for heart patients