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American Medical Association
AMA Claims Victory With Record Breaking Settlement in Case Against Insurer
February 1st, 2009
The American Medical Association (AMA), along with the Medical Society of the State of New York and the Missouri State Medical Association, claims victory with the settlement agreement reached today in the lawsuit against United Health Group. The $350 million settlement marks the largest monetary settlement of a class action lawsuit against a single health insurer in the U.S. "By using a flawed database to determine reimbursement rates for out-of-network care, insurers have increased profits at the expense of patients and physicians," said AMA President, Nancy H. Nielsen, M.D. "By agreeing to the settlement, United Health Group has recognized the importance of restoring...
Source: Pharma Investments, Ventures & Law Weekly (2009-02-01)
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