The Wall Street Journal
: Sensitive Market Data Leaked After Government Phone Call
Market-sensitive information vitally important to health-insurance companies has once again reached Wall Street before the public, and this time it appears to have come from the government itself. On Dec. 3, an official with the agency in charge of Medicare spending held a conference call for industry officials. During the call, he provided data suggesting that federal funding for private Medicare plans would likely fall more than expected. Word soon reached Wall Street, prompting a selloff in insurance shares (Mathews and Mullins, 4/10).
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