Medicare Insurers Took $9.2 Billion In Federal Payments In One Year Via Controversial Billing Practices : By Derek Baine
by Richard Kuehn on 10/26/21
There seems to be no end to the tricks insurers will come up
with in order to suck more money out of Medicare. According to the findings of the Office of
Inspector General of the Department of Health and Human Services, it analyzed
20 companies and investigators found that one received about 40% of the
questionable payments, or $3.7 billion, while enrolling only 22% of Medicare
Advantage customers. It wouldn’t name
the company, but BMO Capital Market looked at federal data and showed that the
enrollment share closely matches UnitedHealth Group Inc. during the period the
investors looked at.
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