http://www.thecarpetbaggerreport.com/archives/13382.html
Malkin & Co. target Soros, hit Bush pioneers
Posted October 27th, 2007 at 10:27 am
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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?”
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. Second,
WellCare is actually run by Bush Pioneers and generous Republican
donors.
Oops.
--
Yang
a.a.#28
"I can hardly wait for your head to explode when the Repubs hold onto
both houses of Congress this November. And Yang can quote me on that."
-Fred Stone, 6/14/2006
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