Go Government-payer healthcare services Loading... : Investor Sentiment and Bull/Bear Views

From direct investing experience, Gracias says Valor tried to build businesses that ran on Medicaid and Medicare reimbursement and walked away because they kept finding fraud in essentially every services company they diligenced. He now applies a hard rule at the firm: if a government payer is more than roughly a third of the business, they will not invest. His edge is that government-payer revenue in the services space carries structural fraud and payment-integrity risk, and that risk becomes acute exactly when the government finally starts auditing its own payment flows, which is what DOGE is now doing.