The HMO continues their slide. Besides the Wall Street Journal, the following two newspapers carried stories today:
Tenet -- Shares in troubled Tenet Healthcare Corp. continued to tumble Monday, dragging down related stocks amid fears that a general crackdown on Medicare fraud will penalize the entire hospital industry. The Santa Barbara hospital chain, which has been under fire for possibly performing unnecessary operations and charging the federally funded Medicare program, saw its shares lose another 90 cents to close at $14 Monday, a 52- week low.
"San Francisco Chronicle" 11/12/02
More Tenet questions -- Mr. Barbakow, Tenet's 58-year-old chairman and chief executive, is in danger of losing the trust among investors that he and his management team have so carefully built up over the years. Tenet, based in Santa Barbara, Calif., faces a series of government inquiries that call of memories of its troubled past. The inquiries are raising concerns about whether Tenet was too aggressive in raising prices and whether its quest for profits threatens its quality of care.
"New York Times" 11/12/02
Both stories can be found