Since UnitedHealth Group Inc. struck an agreement with New York Attorney General Cuomo to pay $350 million to resolve class-action lawsuits over reimbursing patients for out-of-network medical services, two Tier 1 health insurers named in the lawsuits have offered to settle out of court. First, Cuomo also reached an agreement with Aetna to pay $20 million to help establish an independent database used for calculating rates. This pact adds to the $50 million UnitedHealth previously agreed to pay to fund the database.
Yesterday, Philadelphia-based CIGNA announced that it will contribute $10 million toward building the database under an agreement with Cuomo.
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