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HMO Stocks Rally Midday

Big HMO names like Humana and United Healthcare up 3 to 4 percent midday.

Traders citing a UBS note out midday that discusses potential changes in Medicare reimbursement rates that are paid to HMOs. They discuss RADV audits, which helps to determine how much the HMOs get paid.

Apparently they believe that Health and Human Services said that they would relook at the way they handle medicare audits reimbursements, traders tell me.

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