Clover Health Wins Lawsuit Over Star Ratings, Shares Hit Record High
Clover Health (CLOV) reached a record high after winning part of its lawsuit against the Department of Health and Human Services over an alleged unlawful reduction in star ratings. The court ordered CMS to recalculate Clover's rating, which had been lowered from 4.0 to 3.5, potentially impacting $120 million in quality bonuses.
Topics: government_reimbursement healthcare lawsuit star_ratings