Well being insurer The Cigna Group can pay greater than $172 million over claims it filed with the federal authorities for inaccurate Medicare Benefit analysis codes to be able to inflate reimbursements.
Well being insurer The Cigna Group can pay greater than $172 million on claims it submitted to the federal authorities for inaccurate Medicare Benefit analysis codes to be able to inflate reimbursement.
The case centered on allegations that Cigna violated the False Claims Act by submitting and never retracting “inaccurate and dishonest” codes, based on the US Division of Justice.
Cigna falsely licensed in writing that its statements have been truthful, the division mentioned in an announcement on Saturday.
Cigna mentioned the settlement with the federal government resolved a long-standing authorized situation and “averted the uncertainty and extra prices” of a protracted authorized battle.
Medicare Benefit plans are privately run variations of the federal authorities’s Medicare program for individuals 65 and older.
Cigna additionally mentioned it is going to enter right into a five-year company integrity settlement with the Division of Well being and Human Providers’ Workplace of Inspector Common. This deal is designed to boost compliance with federal well being program necessities.
Shares of Bloomfield, Conn.-based Cigna rose 86 cents to $286.93 in Monday afternoon buying and selling. Broader indicators have been combined.
(Tags for translation)Enterprise