United Healthcare fines
United Healthcare along with 2 sister companies has been fined by the Georgia’s Insurance Commissioner $2.8 million dollars for delaying payment on as many as 80,000 claims.
This is another tactic for insurance companies to keep more money in their accounts for as long as possible in order to earn interest etc.
The Commissioner also is requiring them to bring their payment policies in line with state laws. They are on probation in Georgia for a year and if they have no further infractions, the fine will be reduced by $500,000.
United Healthcare was fined for similar offenses in years 2000 and 2002. I guess the fines are less than what they make by withholding our money!
This is another tactic for insurance companies to keep more money in their accounts for as long as possible in order to earn interest etc.
The Commissioner also is requiring them to bring their payment policies in line with state laws. They are on probation in Georgia for a year and if they have no further infractions, the fine will be reduced by $500,000.
United Healthcare was fined for similar offenses in years 2000 and 2002. I guess the fines are less than what they make by withholding our money!
posted by Anonymous at 6:05 AM
1 Comments:
You are absolutely correct. We have created and allowed the problems to occur. I am trying to change what I can.
I have a meeting set up with Connie Sipes and hopefully Cochran at the same time coming up in April to discuss these issues.
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