The medical industry's 'price-fixing' lawsuit that could change everything!
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Over 20+ health care groups from all over the country have joined with a large number of plaintiffs in a lawsuit against every major health insurance company in America. The lawsuit alleges that the health insurance companies used software from a company named Claritev to create a price-fixing environment that allowed them to siphon billions of dollars from care providers and their patients. The stakes could not be higher for the health insurance companies as they could stand to lose billions and see major changes to how out-of-network care is priced and reimbursed for patients and private insurance. This episode examines an article from The Business Journals (subscription required) titled “Philadelphia-area physician groups join massive suit alleging price fixing by ‘mafia enforcer’ for major insurers.”