Database Company Ingenix – Used by Dozens of Insurers – at Center of Scheme
Cuomo Notifies Ingenix and its Parent, UnitedHealth Group, of Intent to File Suit; Subpoenas 16 Other Companies
NEW YORK, NY (February 13, 2008) – Attorney General Andrew M. Cuomo today announced that he is conducting an industry-wide investigation into a scheme by health insurers to defraud consumers by manipulating reimbursement rates. At the center of the scheme is Ingenix, Inc., the nation’s largest provider of healthcare billing information, which serves as a conduit for rigged data to the largest insurers in the country.
Cuomo also announced that he has issued 16 subpoenas to the nation’s largest health insurance companies including Aetna (NYSE: AET), CIGNA (NYSE: CI), and Empire BlueCross BlueShield (NYSE: WLP), and that he intends to file suit against Ingenix, Inc, its parent UnitedHealth Group (NYSE: UNH), and three additional subsidiaries.
The insurance industry, finance, real estate, White House email, torture tapes, the list goes on. E-discovery, evidence recovery, records management, and content management, are all going to enjoy boom development. The misconduct of the last eight years has brought a great deal of misery and stands to bring even more, but for those charged with investigating it, there will be fortunes to be made.