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14-Jan-2018 10:08

It agreed to divest parts of Pacifi Care's commercial health insurance business in Tucson, Arizona and Boulder, Colorado to satisfy antitrust regulator concerns, and also agreed to end its network access agreement with Blue Shield of California.

In March 2007, United Health Group signed a definitive agreement to acquire Sierra Health Services Inc. Sierra provided health benefits and services to 310,000 members in Nevada and another 320,000 people in senior and government programs throughout the United States.

The backdating apparently occurred with the knowledge and approval of the directors, according to the Journal.

In December 2005, the company received final regulatory approval for its .2 billion purchase of Pacifi Care Health Systems.Cuomo said this inappropriately allowed health insurance companies to deny a portion of provider claims, thereby pushing costs down to members.

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