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In the United States, a third-party administrator (TPA) is an organization that processes insurance claims or certain aspects of employee benefit plans for a separate entity. [1] It is also a term used to define organizations within the insurance industry which administer other services such as underwriting and customer service.
Possibly the most common form is the third-party administrator (TPA). [11] The TPA is an independent firm that does not sell associated investment products. A Pension administration firm can also be a division of a larger corporation engaged in the retirement plan business, such as with Principal Financial Group.
In the United States, a pharmacy benefit manager (PBM) is a third-party administrator of prescription drug programs for commercial health plans, self-insured employer plans, Medicare Part D plans, the Federal Employees Health Benefits Program, and state government employee plans.
In U.S. health insurance, a preferred provider organization (PPO), sometimes referred to as a participating provider organization or preferred provider option, is a managed care organization of medical doctors, hospitals, and other health care providers who have agreed with an insurer or a third-party administrator to provide health care at ...
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In 2023, the Federal Trade Commission and a group of states sued Amazon, alleging it abused its dominance in the online retail space to inflate prices, squeeze third-party sellers with onerous ...
The most recent member of a third party (not an independent) elected to a governorship is Jesse Ventura, a member of the Independence Party of Minnesota who was elected Governor of Minnesota in 1998. While there have been few third parties that have gained traction at the national level, several states have been three-party systems at one point ...
The Trump administration has not made a final decision on the matter and could ultimately decide not to list either, the report said, citing two sources familiar with the discussions. Both ...