Looks like Cigna won't be the only healthcare company ponying up money to create a new, independent research database; New York Attorney General Andrew Cuomo announced on Wednesday that WellPoint has also agreed to contribute $10 million toward the cause.
According to WellPoint Executive Vice President Ken Goulet, the company "supports" efforts to "increase the transparency" involved with healthcare costs. WellPoint joins Cigna, which also is paying $10 million; UnitedHealth Group, which is contributing $50 million; and Aetna, which is paying $20 million, in an effort to "establish a more reliable" replacement for the discontinued Ingenix products.
The new database is being created because of Cuomo's findings that the insurance industry had been underpaying for out-of-network services provided; reimbursements to patients had been based on the flawed data products of Ingenix.
- here's the Modern Healthcare article