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doing that would be extremely difficult and I don't see the point at all. You can take all the non-management 100 wharton classes you want if you want a bit of a business background (I did the BBB/HCMG minor). If by 'heard about some people' you mean other prefrosh speculating about what they're going to do then ok, but I would be very surprised if you found anyone who actually followed through with that course of study. I know people who have done a dual degree with wharton while majoring in bio in the college, but they in general take an extra semester to get everything done and even then don't do a concentration in the bio major. The people you're talking about may be in LSM, but ultimately they actually do not get a dual degree so the requirements are less.
For premed purposes, the crazy schedule that you would need to get everything in would be bad as far as fitting in the other things you need (ECs, volunteering, research), and benefit you not at all.
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