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10.28.2009

AG Cuomo forces insurance companies into more transparency

From NYTimes:

The announcement is part of a settlement reached over the last year with more than a dozen insurance companies concerning one of the industry’s most controversial practices: the payment of out-of-network claims.

Using a database run by the UnitedHealth Group, the insurance giant, the industry was accused of systematically understating the doctors’ fees for more than a decade and shortchanging consumers by hundreds of millions of dollars.