ST. PETERSBURG, Fla. (AP) - Agents with the FBI and Department of Health and Human Services have executed search warrants at the St. Petersburg offices of a health care insurance company under investigation for possible fraud and mismanagement.
Officials with the two agencies confirmed the raid Thursday at Universal Health Care. The company is already in the process of liquidation under a Leon County judge's order because of insolvency.
The state Department of Insurance Regulation has accused Universal of financial irregularities including possible fraud. Company officials did not immediately return a telephone call seeking comment.
Universal operated two related companies that provide Medicare Advantage insurance and Medicaid to about 100,000 members. They will be sent letters explaining their options for health care coverage after April 1.
