A new law from the Obama administration will prohibit health insurance companies from selling Medicare supplement plans, or Medigap plans, that help consumers pay their Medicare Part B deductibles. And if an insurer breaks the law, the fine will not be cheap.
Missouri Gov. Jay Nixon (D) announced that the state has reached a $4.5 million settlement with Aetna following two insurance law violations. It's the largest such settlement in state history.
The Centers for Medicare & Medicaid Services has fined Aetna $1 million for the insurer's recent mishap of wrongly identifying 6,887 pharmacies as being in its network.
Certain top-name insurers are in the spotlight for having to pay some hefty penalties.
After violating California state law and breaching members' privacy, Anthem Blue Cross Blue Shield has reached a settlement with the state attorney general, including a $150,000 fine and increased oversight of sensitive information.
Aetna failed to cover certain medical services and deceptively marketed its plans to students in Massachusetts and will pay a $1 million fine as a result, according to the state attorney general's office.
New York has fined 15 insurers a total of $2.7 million because they failed to notify small businesses about special mental health coverage available for purchase. Under Timothy's Law, which is named
WellCare's settlement with the Department of Justice over allegations that the Tampa-based insurer overcharged Medicare by about $46 million finally has gone into effect, reported the Tampa Bay
Blue Cross Blue Shield of Tennessee has the dubious distinction of becoming the first health insurer to receive a fine--a hefty $1.5 million--for violating the Health Insurance Privacy and
UnitedHealth paid a $250,000 fine to resolve charges that it improperly circulated and published advertisements, including television, newspaper and direct mailings, in Vermont, reported the