A former government employee turned political consultant obtained nonpublic information about Medicare rate reductions and passed it to two hedge fund analysts who then made millions from insider trading, the U.S. Securities and Exchange Commission alleged Wednesday.
The SEC complaint, filed in the Southern District, focuses on David Blaszczak, a former health insurance specialist with the U.S. Centers for Medicare & Medicaid Services (CMS) who became a health strategy adviser to health care companies and private equity firms.
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