Close Menu
  • Home
  • AI & Technology
  • Politics
  • Business
  • Cryptocurrency
  • Sports
  • Finance
  • Fitness
  • Gadgets
  • World
  • Marketing

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Putin Criminalizes Online Searches for ‘Extremist’ Content

August 1, 2025

Ethereum Taker Sell Volume Hits $335M In Just 2 Minutes: Panic Or Profit-Taking?

August 1, 2025

Polkadot Isn’t Done Yet—Breakout Point To Bigger Gains Ahead

August 1, 2025
Facebook X (Twitter) Instagram
  • Home
  • About US
  • Advertise
  • Contact US
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram
MNK NewsMNK News
  • Home
  • AI & Technology
  • Politics
  • Business
  • Cryptocurrency
  • Sports
  • Finance
  • Fitness
  • Gadgets
  • World
  • Marketing
MNK NewsMNK News
Home » US Claims Medicare Insurers, Brokers Used Illegal Kickbacks
Finance

US Claims Medicare Insurers, Brokers Used Illegal Kickbacks

MNK NewsBy MNK NewsMay 1, 2025Updated:May 2, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


(Bloomberg) — The US sued top health insurance companies and brokers, alleging they used illegal kickbacks to steer members into certain private Medicare Advantage plans.

Most Read from Bloomberg

The complaint names CVS Health Corp., Elevance Health Inc. and Humana Inc., along with broker companies eHealth Inc., GoHealth Inc. and SelectQuote Inc.

In the lawsuit, initiated by a whistleblower in 2021 and unsealed Thursday, the Justice Department claims that brokers told their agents to sell Medicare Advantage based on the kickbacks and blocked the sale of insurance plans that didn’t pay. The complaint, which covers alleged conduct from 2016 through 2021, further alleges that Humana and CVS’ Aetna pressured brokers to enroll fewer disabled people in their plans.

The complaint “presents a new overhang” for brokers that are set to report earnings starting next week, RBC Capital Markets Ben Hendrix wrote in a research note.

Medicare Advantage is a private version of Medicare, the government health plan mostly for people in the US who are 65 and older. Over half of the Medicare population is enrolled in these private plans. People often enroll with the help of a broker, which may be paid commissions by insurance companies.

Shares of GoHealth closed down 10% and SelectQuote shares dropped almost 20%, while eHealth shares finished the day unchanged. Humana and Elevance stock both fell less than 3%, while CVS shares rose 4% on a favorable earnings report.

Representatives for Elevance, CVS and Humana disputed the allegations and said they intend to defend themselves in vigorously in court.

A representative of GoHealth said the company has always complied with the rules and disagrees with the government’s allegations, “which are full of misrepresentations and inaccuracies.” An eHealth spokesperson said it’s cooperated with the investigation, believes the claims have no merit, and will defend itself.

An email to SelectQuote wasn’t immediately returned.

Congress has investigated these payments before. In addition, eHealth, GoHealth and SelectQuote previously disclosed that they had received subpoenas from the US attorney’s office in Massachusetts in 2022 over their arrangements with insurers. That office is one of several involved in the lawsuit.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
MNK News
  • Website

Related Posts

Rite Aid files for bankruptcy — again

May 6, 2025

How to Track Driver Performance Without Micromanaging

May 6, 2025

Ford says its Q1 profit fell by two-thirds and it expects a $1.5 billion hit from tariffs this year

May 6, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Pakistan, Afghanistan, UAE to play T20I tri-series in Sharjah – Sport

August 1, 2025

Pakistan beat West Indies in first T20I in 3-match series – Sport

August 1, 2025

McIntosh and Marchand dazzle for gold at world championships – Sport

August 1, 2025

Top seeds Zverev, Gauff advance at Canadian Open – Sport

July 31, 2025
Our Picks

Ethereum Taker Sell Volume Hits $335M In Just 2 Minutes: Panic Or Profit-Taking?

August 1, 2025

Polkadot Isn’t Done Yet—Breakout Point To Bigger Gains Ahead

August 1, 2025

Analyst Predicts Historical 90% XRP Crash Against Bitcoin, But This Will Happen First

August 1, 2025

Recent Posts

  • Putin Criminalizes Online Searches for ‘Extremist’ Content
  • Ethereum Taker Sell Volume Hits $335M In Just 2 Minutes: Panic Or Profit-Taking?
  • Polkadot Isn’t Done Yet—Breakout Point To Bigger Gains Ahead
  • Tesla found partially liable for a deadly 2019 crash
  • Jury Finds Elon Musk’s Tesla Partly at Fault in Autopilot Crash Lawsuit, Awards $200 Million in Damages

Recent Comments

No comments to show.
MNK News
Facebook X (Twitter) Instagram Pinterest Vimeo YouTube
  • Home
  • About US
  • Advertise
  • Contact US
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 mnknews. Designed by mnknews.

Type above and press Enter to search. Press Esc to cancel.