BULLETIN: U.S. Justice Department Joins Lawsuit Against Highmark Inc. - S&P Global Ratings’ Credit Research

BULLETIN: U.S. Justice Department Joins Lawsuit Against Highmark Inc.

BULLETIN: U.S. Justice Department Joins Lawsuit Against Highmark Inc. - S&P Global Ratings’ Credit Research
BULLETIN: U.S. Justice Department Joins Lawsuit Against Highmark Inc.
Published Feb 18, 2003
Published Feb 18, 2003
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Abstract:

Standard&Poor's Rating Services today commented on the U.S Justice Department's decision to join a whistle-blower lawsuit that accuses Highmark Inc. (A+/Negative/--) of intentionally misapplying Medicare Secondary Payer rules in causing the filing of more than $20 million in false claims for reimbursement from Medicare. These claims are for certain Medicare beneficiaries where Highmark-administered employer group health plans, not Medicare, are responsible for the primary payment of the claims. The lawsuit maintains that Highmark intentionally failed to comply with a 1995 agreement with Medicare to correct the improper processing of these claims to Medicare. The lawsuit also accuses Highmark of demoting an employee who sought to correct the improper processing practice. The lawsuit seeks triple damages against Highmark for

  
Report Type:

Bulletin

Ticker
7177Z
Issuer
GICS
Managed Health Care (35102030)
Sector
Global Issuers
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "BULLETIN: U.S. Justice Department Joins Lawsuit Against Highmark Inc." Feb 18, 2003. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-U-S-Justice-Department-Joins-Lawsuit-Against-Highmark-Inc-299087>
  
APA:
S&P Global Ratings’ Credit Research. (). BULLETIN: U.S. Justice Department Joins Lawsuit Against Highmark Inc. Feb 18, 2003. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-U-S-Justice-Department-Joins-Lawsuit-Against-Highmark-Inc-299087>
  
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