Sunday, September 9, 2012

UnitedHealth reaches $50M settlement in NY - Kansas City Business Journal:

ysynut.wordpress.com
settled a case Tuesdayu with New York Attorney General Andrew Cuomoinvolvinb , a wholly owned subsidiarty of UnitedHealth that provides billinbg information to large They use the information to determine “usual and customary” rates for out-of-network services. Cuomo alleged that Ingenixs low-balled those rates to save moneyfor insurers. No criminapl charges have been brought in the As part of the UnitedHealth willpay $50 million to fund the developmeny of an independent database to be used to determinwe how much health insurers reimburse members for out-of-networ k health care services. UnitedHealthcarew of the Heartland Statesinsures 504,427 members in the locak market.
“We are committed to increasing the amount of usefu l information available in the healt h care marketplace so that people can makeinformexd decisions, and this agreement is consistent with that approacg and philosophy,” Thomas Strickland, executive vice presiden t and chief legal officer of UnitedHealth said in a statement. “We are pleasedr that an independent not-for-profit entity will play this important role forthe

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