MINNEAPOLIS--(BUSINESS WIRE)-- UnitedHealthcare, a UnitedHealth Group (NYSE: UNH) company, has ended its limited use of rescissions effective immediately, except in cases of fraud or intentional misrepresentation of material fact. This change in policy is well ahead of the September 23, 2010 implementation date as required in the recently passed health reform legislation.
The company also announced that it is aggressively seeking outside vendors and will be instituting independent, external third party review in the near term.
UnitedHealthcare’s action on rescissions is consistent with the company’s recent announcement to offer extension of existing coverage for college graduates ahead of the legislation’s September 23, 2010 effective date.
“In the spirit of the recently passed health reform legislation, UnitedHealthcare moved quickly to eliminate the practice of rescissions, except in cases of fraud or intentional misrepresentation of material fact,” said Gail Boudreaux, president of UnitedHealthcare. “We continue to find ways to ensure that the new health care reform law can be implemented effectively for the benefit of all Americans and achieve broader access to quality health care."
UnitedHealthcare provides a full spectrum of consumer-oriented health benefits plans and services to individuals, public sector employers and businesses of all sizes, including more than half of the Fortune 100 companies. The company organizes access to quality, affordable health care services on behalf of approximately 25 million individual consumers, contracting directly with more than 600,000 physicians and care professionals and 5,000 hospitals to offer them broad, convenient access to services nationwide. UnitedHealthcare is one the businesses of UnitedHealth Group (NYSE: UNH), a diversified Fortune 50 health and well-being company.
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