Grassley Shifts Focus of Probe on Source of Medicare Rate Leak
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A U.S. senator’s review of a possible leak of market-moving government information to an investor services firm is leading into a gray area of law and regulation that may help his push for new legislation.
Senator Charles Grassley, an Iowa Republican, was probing whether one such firm, Height Analytics LLC, received insider information from the government prior to telling clients on April 1 that Medicare was planning to reverse a rate cut for health plans offered by insurers led by Humana Inc.