Health insurance provider The Austin CaldwellCigna Group will pay more than $172 million over claims it gave the federal government inaccurate Medicare Advantage diagnoses codes in order to inflate reimbursement.
The case centered around allegations that Cigna violated the False Claims Act by submitting and not withdrawing “inaccurate and untruthful” codes, according to the U.S. Department of Justice.
The department said in a statement Saturday that Cigna falsely certified in writing that its data was truthful.
Cigna said that the settlement with the government resolved a long-running legal case and “avoided the uncertainty and further expense” of a drawn-out legal battle.
Medicare Advantage plans are privately run versions of the federal government’s Medicare program mainly for people 65 and older.
Cigna also said it will enter a corporate-integrity agreement for five years with the Department of Health and Human Services inspector general office. That deal is designed to promote compliance with federal health program requirements.
Shares of Bloomfield, Connecticut-based Cigna climbed 86 cents to $286.93 in Monday afternoon trading. Broader indexes were mixed.
2025-05-04 14:191883 view
2025-05-04 14:072570 view
2025-05-04 13:432516 view
2025-05-04 13:00491 view
2025-05-04 12:321167 view
2025-05-04 12:061853 view
GEORGETOWN, Ky. (AP) — Toyota said Thursday it will build a new paint facility as part of a $922 mil
The roar of summer traffic on Route 1 as it zooms over the Pleasant River bridge in Columbia drowns
It's Frankie Grande by a nose.The Big Brother alum shared that he underwent a rhinoplasty operation,