A federal judge in New York has granted preliminary approval to a $350 million settlement of a class-action suit filed against UnitedHealth Group over its Ingenix database.
Calling for “much-needed transparency, accountability and fairness,” in consumer reimbursement for out-of-network health care, New York’s attorney general revealed details of a new, nationwide database to bring about change.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.