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Tuesday, March 25, 2014

AETNA TRIES TO KILL SETTLEMENT IN OUT-OF-NETWORK SUIT

Aetna, Inc. has asked a federal court to let it back out of a proposed $120 million settlement in a class-action lawsuit over how it pays physicians and providers for out-of-network services. The settlement would have covered physicians and providers who delivered out-of-network services to Aetna subscribers between June 3, 2003, and Aug. 30, 2013, and received less than the billed charge. TMA was one of 10 medical societies that brought the suit. Less than a week before the scheduled hearing on final approval of the settlement, Aetna told the court it was backing out because too many of the plaintiffs had opted out of the proposed settlement. Our lawyers in the case are in the process of determining whether Aetna has properly terminated the settlement. If it did, the lawsuit will resume toward trial.

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