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Violation Tracker Individual Record

Company: WellCare Health Plans Inc.
Current Parent CompanyCentene
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Penalty: $200,000,000
Year: 2010
Date: August 9, 2010
Offense Group: financial offenses
Primary Offense: investor protection violation
Mega-ScandalHealthcare Billing Abuses
Violation Description: In a case brought on behalf of state pension funds in Louisiana and New Mexico as well as other investors, WellCare agreed to pay $200 million to settle allegations that fraudulent Medicaid practices harmed shareholders.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Missouri
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: healthcare services
Specific Industry of Current Parent: managed care
Source of Data: AG King Announces Settlement in NM Securities Case; State Investment Council and PERA to Benefit, Targeted News Service, August 9, 2010 (via Nexis).
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.