Insurance giant to pay $350M in med bill case

Insurance giant to pay $350M in med bill case

"In the center of the alleged ripoff scheme is Ingenix, the largest billing information provider that sets "usual and customary" rates for medical procedures.

Instead of relying on market prices, Ingenix, a UnitedHealth subsidiary, gave lower reimbursement figures than what the patients paid. This allowed insurers to make smaller payments.

"It was a blatant fraud," Cuomo said. "It was an obvious fraud." "