News Formal

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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

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'

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Everything Jim Cramer said about the stock market on 'Mad Money,' including Costco downgrade, Expedia CEO, Chipotle rally and oil stocksJim Cramer explains why he disagrees with Bernstein's downgrade of Costco, why Chipotle's stock will win 2019 and what investors should do with oil stocks.
Source: CNBC - 🏆 12. / 72 Read more »