Payers Pay Up – 6 Recent Fines on Insurers

Health insurers are no strangers to fines and other disciplinary actions. Payers this year have felt increasing pressure from state insurance departments to improve efficiency and quality–or pay the price.

Even though insurers have been busy looking for ways to curb escalating healthcare costs and reduce administrative spending under MLR requirements, some have had to shell out big bucks for wrongly denied coverage, improper claims processing, and unprotected health information. Such penalties can provide a cautionary tale for other health payers to get their own houses in order.

With that in mind, FierceHealthPayer presents six recent fines on health insurers. Click on a company below to learn more.