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Acclaimed short seller Jim Chanos explains why he's betting against a healthcare business loved by Warren Buffett

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Kidney dialysis company DaVita is 'certainly running an insurance scam,' Chanos said at CNBC's recent Delivering Alpha conference.

and all edged that the companies overcharged it for years. It says DaVita pushed Medicare and Medicaid patients to buy private insurance, telling them they would get better treatment, and then charged those private insurers more money than it charged the government.

"It's always interesting in my world when one of your biggest customers sues you for fraud," Chanos said.The chief strategist at $1.5 trillion Prudential Financial told us which sectors she's targeting to beat a stock market that looks 'overbought'

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