Bartko, Zankel, Bunzel & Miller Files Antitrust Lawsuit Against MultiPlan Co. & Major Health Insurers
According to court documents, MultiPlan acted as an unlawful corporate hub as part of a "hub, spoke, and rim" agreement, together with most major insurance companies, to fix and artificially reduce the amounts of out-of-network reimbursement paid to hospitals. By setting lower, fixed prices for payments for healthcare provided by hospitals, MultiPlan worked with major insurance companies to exert their market dominance and cut reimbursements to hospitals by about
The reduced payments significantly impacted the fiscal health of Verity. In 2018, Verity filed for bankruptcy, impacting hospitals in the
"Hospitals operate in a challenging environment and are being pushed to the brink by unfair business practices and payments from
MultiPlan's goal, which it achieved, was to reduce the amount insurance companies pay for out-of-network healthcare services in exchange for getting a cut of the amount they help insurance companies avoid paying hospitals for the important services they provide to patients. Fortune 500 companies, including
Verity's lead trial lawyer in this case,
About Bartko Zankel Bunzel & Miller
Bartko, established more than 40 years ago, is a boutique law firm specializing in national and international complex litigation and investigations, as well as real estate and franchising transactions. It is a 40-plus-lawyer firm dedicated to strategic cutting-edge representation of clients in
Contact:
(414) 291-4540
View original content:https://www.prnewswire.com/news-releases/bartko-zankel-bunzel--miller-files-antitrust-lawsuit-against-multiplan-co--major-health-insurers-301414019.html
SOURCE Bartko, Zankel, Bunzel & Miller
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