Shriek! Shriek! SHRIEEEEKKKKKKKK!!!
Malkin & Co. target Soros, hit Bush pioneers
Posted October 27th, 2007 at 10:27 am
The St. Petersburg Times reported this week that WellCare Health Plans, a Florida-based company that provides managed-care plans for millions of Medicare and Medicaid participants, has come under federal investigation. Indeed, the FBI raided WellCare’s headquarters Wednesday morning, along with the U.S. Attorney’s office, HHS investigators, and the Florida Attorney General’s Medicaid Fraud Control Unit.
The Times article included a little tidbit towards the end of the piece.
WellCare was a slow-growing Florida company until 1992 when its owner, Dr. Kiran Patel, sold it to a New York investment group led by financier George Soros. The bankers hired Todd Farha, an aggressive Harvard MBA, to transform the company. Under his leadership, WellCare’s earnings have increased eight-fold and the company’s investors and executives like Farha have profited handsomely from appreciation in its stock.
Right wing blogs saw the reference to Soros and pounced. Conservatives hit the St. Petersburg Times comments section, with insights such as, “I hope they prosecute that worm GEORGE SORROS [sic] added, “Welcome to George Soros’s America?”
Wait for it ... wait for it ... here it comes ...
As it turns out, there are two big problems with the story. First, Soros sold off his interests in the company quite a while ago.
Ooooooo ... snap! But come on, CC, tell me more ...
Second, WellCare is actually run by Bush Pioneers and generous Republican donors.
HAHAHAHAHAHAHAHA!! Stoopid, stoopid whingers.