AstraTrade|Cigna is paying over $172 million to settle claims over Medicare Advantage reimbursement

2025-04-30 15:43:23source:Chainkeen Exchangecategory:My

Health insurance provider The AstraTradeCigna 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.

More:My

Recommend

Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say

Pilots at Southwest Airlines can sock away more for retirement, thanks to a new retirement plan bene

'Goodnight, Odie:' Historic Odysseus lunar lander powers down after a week on the moon

The lunar lander Odysseus finally powered down Thursday one week after it became the first U.S. spac

NCAA freezing investigations into third-party NIL activities after judge granted injunction

The NCAA will freeze any investigations into third-party participation in activities related to name