Category Archives: managed care

Insurers under investigation for fraudulent reimbursement rates

Posted on April 9, 2008 by admin

New York Attorney General Andrew Cuoma has issued subpoenas to Aetna, Cigna, UnitedHealth, WellPoint, and other insurers in a broadening investigation of possible fraud in setting insurance reimbursements that cost consumers hundreds of millions of dollars. Insurers charge a higher … Continue reading →

Posted in managed care | 3 Comments

UnitedHealth Group ex-CEO forfeits $620 million

Posted on January 1, 2008 by admin

William McGuire, M.D. former chief executive of UnitedHealth Group, agreed to one of the largest executive-pay givebacks in history, forfeiting $620 million in stock option gains and retirement pay, to settle civil and federal claims against stock-option backdating. The final … Continue reading →

Posted in managed care | 2 Comments