This week we have an update on the AIMC and Integrity Marketing Group deal, and more information on the DOJ’s investigation into overcharging in Medicare Advantage.
AIMC and Integrity Marketing Group Join Forces in Landmark Deal | BusinessWire | May 24, 2017
AIMC, LLC (“AIMC”) a national developer and distributor of Medicare Supplement products and Integrity Marketing Group, LLC (“Integrity”), one of the largest independent distributors of life and health insurance products, today announced a landmark deal to join forces to better serve the growing Senior Market. Terms of the private transaction were not disclosed, but as part of the deal, AIMC’s owners will become shareholders in Integrity.
See the full press release on BusinessWire.com here.
DOJ sues UnitedHealth for alleged Medicare Advantage mischarging, again | HealthcareDIVE | May 17, 2017
In announcing its lawsuit, the DOJ said UHG “knowingly disregarded information about beneficiaries’ medical conditions” and “ignored information about invalid diagnoses from healthcare providers with financial incentives to furnish such diagnoses.”…
…The Department of Justice earlier this year joined a 2009 lawsuit pertaining to UnitedHealth overcharging in the Medicare Advantage program. The DOJ is also investigating Aetna, Bravo Health, Cigna, Health Net and Humana.