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Health insurance provider The Cigna Group will pay more than $172 million over claims it gave the federal government inaccurate Medicare Advantage diagnoses codes in order to inflate reimbursement.
The settlement, reached on Friday, includes a payment of about $172 million by Cigna. Cigna said it also will enter into a corporate integrity agreement with the U.S. Office of Inspector General.
The class-action lawsuit, filed Monday in federal court in Sacramento, says Cigna Corp. and Cigna Health and Life Insurance Co. rejected more than 300,000 payment claims in just two months last year.
The Cigna Group is an American multinational for-profit managed healthcare and insurance company based in Bloomfield, Connecticut. [2] [3] Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance and related products and services, the majority of which are offered through employers and other groups (e.g., governmental and non-governmental ...
Cigna then announced plans in March 2018 to acquire Express Scripts for $58 billion. [63] On November 6, 2017, Gail Koziara Boudreaux was named CEO. [64] In 2018, the company announced a $20 million expansion of its headquarters and the signing of a lease in Atlanta for its technology center. [65]
The employer plan was administered by Cigna HealthCare. [4] During her treatment for leukemia, her liver deteriorated. Sarkisyan's doctors at the UCLA Medical Center told the family and Cigna that they recommended a liver transplant, and patients in similar circumstances have a six-month survival rate of 65%. Different doctors gave different ...
When Anthony visited his doctor for a routine annual checkup — which his insurance plan through Cigna advertised as 100% covered without a copay — he ended up receiving a bill for $132.09.
Insurance Company of North America (INA) is the oldest capital stock insurance company in the United States, [2] founded in Philadelphia in 1792. It was one of the largest American insurance companies of the 19th and 20th centuries before merging with Connecticut General Life to form CIGNA in 1982, and was acquired by global insurer ACE Limited (currently Chubb Limited) [3] in 1999.