DaVita drops 3% after CMS proposes Medicare Advantage rates

theflyonthewall.com

Shares of DaVita are down 3%, or $3.96, to $113.50 in pre-market trading after the Centers for Medicare and Medicaid Services late Friday issued proposed 2014 Medicare Advantage rates. Deustche Bank said the rate proposal is several hundred basis points worse than market expectations.

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