Private Insurance Company Rips Off Consumer
Keith Olbermann investigates United Health Group on Countdown and “In a victory that same month, the American Medical Association and others reached a $350 million settlement with UnitedHealth Group, the nations second largest insurer, over what the AMA charged were unfairly low out-of-network payments. That dovetailed with another agreement New York Attorney General Andrew Cuomo reached with UnitedHealth to help fund a new independent means of determining appropriate payment rates for out-of-network care.” (http://www.msnbc.msn.com/id/32484021/ns/health-health_care/) CEO: Stephen Hemsley – UnitedHealth Group Total Compensation: $3241042 — Following on the heels of an $895 million class-action suit settlement over stock-option back-dating, UnitedHealth Group has now agreed to settle charges that it violated a myriad of securities laws, though it managed to obtain the settlement without admitting or denying the allegations, or without paying a monetary penalty. UHG didn’t pay anything out because it showed “extraordinary cooperation” in the investigation, the agency said. (For that kind of get-out-of-fines-free card, UHG execs must have done the limbo and offered up their first born.)
Read more: http://www.fiercehealthfinance.com/story/unitedhealth-settles-sec-charges-no-fines-involved/2008-12-24#ixzz0PRPzBOSq
Sen. Jay Rockefeller, D-W.Va., held hearings on the practice in March and April, during which he said inadequate payments by insurers constitute outright fraud.
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July 16th, 2010 at 8:10 pm
I was nearly one of …
I was nearly one of those people who died from having my coverage cancelled (I’m 37, and I was on heavy radiation and chemo), when Blue Cross/Shield tried to refund my check and cancel my coverage, when I was so high on painkillers I couldn’t get up to piss. If it weren’t for my brother’s lawyer, I wouldn’t have been able to cut the tumors out of me after they had been poisoned and nuked down. After 10 years of on-time payments.
Thanks private insurance companies!
And them.
July 16th, 2010 at 8:10 pm
Its situational …
Its situational application of the law, we pay for bogus insurance – Corporate crooks get rich, Progressive utilizes dumb caricature to sell worthless insurance policies. There is nothing funny about death and mangled bodies. Progressive is nothing more than a Ponzi Scheme in which Corporate Executives such as Glen Renwick get rich and leave injured policy holders bogus insurance policies which are not worth the paper they are written on. See Progressive Insurance Has Treated Me as Roadkill
July 16th, 2010 at 8:10 pm
Once again…. …
Once again…. money talks in Washington.
Any one of the Senators or Congressman in DC can be bought for a price.
July 16th, 2010 at 8:10 pm
please refer to …
please refer to hr676 . org
July 16th, 2010 at 8:10 pm
PUBLIC OPTION !is …
PUBLIC OPTION !is the best but if you dont like it just buy something else.. there will always be private companys to go to…this is only for the uninsured and those who want it…I DONT UNDERSTAND WHY PEOPLE THINK THIS WILL LIMIT CHOICE? RIGHT NOW 47 MILLION PEOPLE HAVE NO CHOICE THEY HAVE NO HEALTHCARE AND YOU ARE PAYING THEIR WAY ALREADY!! AT LEAST WITH PUBLIC OPTION WE CAN PREVENT THESE PEOPLE FROM ENDING UP IN E.R. ..SUPPORT THE PUBLIC OPTION!!EITHER WAY WE WILL PAY WHY NOT GET BEST DEAL??