Business owners, are you fulfilling your fiduciary role? Let’s talk #fiduciary #healthinsurance #healthcarecosts #healthcare #costcontainment #riskmitigation #transparency #employeebenefits #benefits #healthrosetta #cfos #humanresouces #populationhealthmanagement #managedcare #letsfixhealthcare #mitigatepartners #faircosthealthplan #aco #dpc #tpa #education #cleanupthemess #cfo #cfoinsights #employers #affordablecareact #healthpolicy #healthsystems #faircost #hr #directprimarycare
In a companion article in The New York Times today to the article posted by Chris Deacon, the reporting looks at some specific egregious examples of Multiplan’s business strategy and how much it benefits insurers like #Cigna and #Unitedhealthcare. One example shows Cigna & Multiplan taking “savings fees” almost 3x higher than the treatment facility received in claim costs: “Cigna took in nearly $4.47 million from employers for processing claims from eight addiction treatment centers in California, while the centers received $2.56 million. MultiPlan pocketed $1.22 million.” This article ties the current scheme back to the 2009 Ingenex scandal! “The situation echoes a past scandal. Fifteen years ago, the New York attorney general broke up a pricing system that his office’s investigation concluded was “rigged.” The central player, UnitedHealth, agreed to pay $350 million to patients and medical professionals who said they had been shortchanged, and along with other major insurers, it agreed to reforms meant to ensure this wouldn’t happen again.” Guess who profits a billion annually from the current Multiplan repricing scheme? UnitedHealth! Great article! https://lnkd.in/erqAx6Eb