GOVERNMENTNews in brief - Aug. 7, 2006Plans fined under N.Y. prompt-pay law Plans fined under N.Y. prompt-pay lawThe New York State Insurance Dept. in June fined 21 health plans a total of $266,600 for violating the state's prompt-pay law. Under the statute, insurers are required to pay undisputed claims within 45 days of receipt. The largest penalty, $45,000, was levied against Vytra Health Plans, followed by Health Insurance Plan of New York, which was fined $42,000. Among the other violators were United HealthCare, Aetna Health, Health Net and Empire BlueCross BlueShield of New York. "New York's prompt-pay law has been extremely effective in ensuring that consumers and health care providers are paid in a timely fashion and remains an excellent deterrent against entities slow to pay undisputed claims," Superintendent of Insurance Howard Mills stated. The fines stemmed from complaints received by the department between Oct. 1, 2005, and March 31, 2006. "The elements in the recent audit date to the year 2004. Since that time, we have addressed those elements and implemented new procedures," Vytra spokesman Andy Kraus said. Copyright 2006 American Medical Association. All rights reserved. |
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