Wednesday, January 14, 2009
UnitedHealth, New York in $50 Million Payment Accord
UnitedHealth, New York in $50 Million Payment Accord: "UnitedHealth Group Inc., the largest U.S. health insurer, resolved a conflict-of-interest investigation by New York, agreeing to pay million to fund an independent database on out-of-network reimbursement rates.
UnitedHealth will shut down the database operated by its Ingenix subsidiary, state Attorney General Andrew Cuomo said today in a statement on the settlement. A nonprofit entity will provide data on “reasonable and customary” costs that insurers use to set reimbursement rates to patients."
UnitedHealth will shut down the database operated by its Ingenix subsidiary, state Attorney General Andrew Cuomo said today in a statement on the settlement. A nonprofit entity will provide data on “reasonable and customary” costs that insurers use to set reimbursement rates to patients."
