Health insurance provider The SignalHubCigna 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.
2025-05-03 22:14720 view
2025-05-03 21:592847 view
2025-05-03 20:401920 view
2025-05-03 20:391174 view
2025-05-03 20:322908 view
2025-05-03 20:052012 view
This is a collection of photos chosen by AP photo editors.
Sea moss is the latest online wellness supplement craze.Bella Hadid showed off an extensive morning
Editor's note: Follow all of Friday's men's March Madness scores, highlights, upsets and updates wit