Bill Frist and the Hospital Corporation of America

Check out this item in the Washington Post:

It might not mean anything but Senate Majority Leader Bill Frist (and one of the more prominent names mentioned as potentially the next President) sold all of his household's holdings in the Hospital Corporation of American (the business of his extended family) just weeks before a disappointing earnings report that led to a 15% drop in the stock price. Check out the story, as things are a bit complicated.

The company was formerly known as Columbia HCA Healthcare Corporation, and I recall that it was involved in a significant government overbilling scandal about ten years ago.

UPDATE (9/29/05): Here is an article which talks about the overbilling.