BUSINESS BRIEFING / INSURANCE
TIMES WIRE REPORTS
WellPoint Inc. and Cigna Corp. each agreed to pay about $10 million to settle an investigation by New York into how the insurer reimburses clients for out-of-network services, according to a person familiar with the probe.
They are the latest insurers to agree to fund a new nonprofit database to help determine reasonable and customary charges for reimbursement.
UnitedHealth Group Inc. settled for $50 million, and Aetna Inc. paid $20 million.
