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More Corporate Greed!!!

A

Anonymous

Guest
Another Corporate ripoff...Lou Dobbs show had a special on this tonight....These guys along with with several other insurance companies were secretly using a company owned by their parent corporation to do the "independent" research for pricing and paying from this...
Dobbs is reporting this will eventually be found to have ripped off the public all over the country- for possibly Billions $ of profits which the insurance companies pocketed...

I have to agree with him- instead of a $50 million dollar settlement- these folks should be spending 50 years in prison for their greed, fraud, and thefts....

Millions overcharged for health care?
Jan. 13: One of the nation’s largest health care insurers is paying a hefty settlement after being accused of overcharging millions of patients. NBC’s Jeff Rossen reports.
Today show

By Melissa Dahl, Jeff Rossen and Robert Powell
TODAY
updated 5:51 a.m. MT, Tues., Jan. 13, 2009
One of the nation’s largest health insurers has agreed to pay $50 million in a settlement announced today after being accused of overcharging millions of Americans for health care.

The New York attorney general’s office launched an investigation after receiving hundreds of complaints about Oxford Insurance and its parent company, UnitedHealth Group, which claims to rely on “independent research from across the health care industry” to determine reimbursement rates. In actuality though, it relies on Ingenix, a research firm owned by UnitedHealth Group.

New York Attorney General Andrew Cuomo says Ingenix has been manipulating the numbers so insurance companies pay less. In a just-released report, he contends that Americans have been “under-reimbursed to the tune of at least hundreds of millions of dollars.” Although UnitedHealth Group and Oxford Insurance were the only entities investigated, other major insurers use Ingenix, including Aetna, CIGNA and WellPoint/Empire BlueCross BlueShield.


“This is a huge scam that affected hundreds of millions of Americans [who were] ripped off by their health insurance companies,” says Cuomo. “This was unethical, and it robbed vulnerable patients of insurance reimbursements they deserved.”

http://today.msnbc.msn.com/id/28635329/
 

hypocritexposer

Well-known member
Meanwhile, Anthony Welters, an executive vice president of UnitedHealth Group, gave $5,000 to the Obama-Biden Transition Project. So did his wife and two of his kids, who appear to be students. (The same quartet gave $18,400 to Obama’s presidential campaign.) Thelma Duggin of UnitedHealth tossed in another $5,000 to the transition.

A post-election story last month from Bloomberg identified health insurer UnitedHealth Group as a likely winner under the Obama administration. The company would “get more customers, including some they now turn down, under Obama’s health-care plan,” the story said.
 

hypocritexposer

Well-known member
In return for his work on the UnitedHealth Care board, Johnson received more than 3.1 million stock options, with an underlying value of about $175 million. He also received a director's fee of $400,000 a year.

In choosing James Johnson for his vice-presidential selection committee, Senator Barack Obama tapped the ultimate Washington insider: a nationally recognized business executive who also helped Walter Mondale and John Kerry pick their Democratic running mates.

Republicans and their presumed presidential nominee, Senator John McCain, have criticized Johnson, the former chairman of Fannie Mae, accusing him of getting favorable rates on three home mortgages totaling $1.7 million as a friend of the chief executive of the Countrywide Financial Corporation, the troubled mortgage lender that has became a symbol of the excesses that led to the crisis in subprime mortgage.
 
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