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Report: State seeks $9.9B in fines against insurer

F

FR7 Baptist

Active Member
The Los Angeles Times reports state regulators are seeking fines of up to $9.9 billion from Cypress-based PacifiCare, however the fine, if there is one, is likely to be much less than the maximum allowed.
Citing court filings and other documents, the Times reported Tuesday on its website that the California Department of Insurance alleges PacifiCare violated state law nearly 1 million times from 2006 to 2008 after it was purchased by UnitedHealth Group Inc. The allegations include the mishandling of claims and loss of patient documents.
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