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Health insurance provider The Cigna Group will pay more than $172 million over claims it gave the federal government inaccurate Medicare Advantage diagnoses codes in order to inflate reimbursement.
The settlement, reached on Friday, includes a payment of about $172 million by Cigna. Cigna said it also will enter into a corporate integrity agreement with the U.S. Office of Inspector General.
The class-action lawsuit, filed Monday in federal court in Sacramento, says Cigna Corp. and Cigna Health and Life Insurance Co. rejected more than 300,000 payment claims in just two months last year.
The Cigna Group is an American multinational for-profit managed healthcare and insurance company based in Bloomfield, Connecticut. [2] [3] Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance and related products and services, the majority of which are offered through employers and other groups (e.g., governmental and non-governmental ...
Express Scripts Holding Company is a pharmacy benefit management (PBM) organization. In 2017 it was the 22nd-largest company in the United States by total revenue as well as the largest pharmacy benefit management (PBM) organization in the United States. [2]
Wendell Potter, a Cigna PR executive, advised the board to cover the cost of Sarkisyan's liver transplant as her situation became increasingly high profile. A flash point occurred during a protest for Sarkisyan in front of Cigna's offices in Glendale, California with live coverage from CNN. During the protest, the company agreed to reverse its ...
Cigna, however, on Sunday announced plans to do an additional $10 billion in share repurchases, br (Reuters) -U.S. health insurer Cigna has ended its attempt to negotiate an acquisition of rival ...
The current Cigna headquarters complex occupies about 30 acres (12 ha) (out of what was originally about 280 acres (110 ha)), on the south side of Cottage Grove Road in southwestern Bloomfield. Former elements of the campus include the Gillette Ridge Golf Club, developed in 2004.