A blood-testing company filed for bankruptcy and says it's cutting jobs because Medicare payments have been withheld over allegations of fraud, the Associated Press reported. The Richmond Times-Dispatch reports True Health Diagnostics LLC filed for chapter 11 protection this week and notified officials of impending layoffs. The letter says that the suspension of all payments by the Centers for Medicare and Medicaid Services may cause additional layoffs "and/or a business shutdown." It says nearly 400 jobs are affected nationwide. Nearly 30 of them are at a Virginia laboratory.
