Cuomo to Investigate Insurers, Including AETNA

The New York Times has reported that New York's Attorney General Andrew Cuomo is investigating several insurance companies, including AETNA, for underestimating the "reasonable" rate of medical charges when a patient uses an out-of-network provider. Typically, in such cases (including my out-of-network plan) insurers pay 80% of what they determine to be the prevailing rate for a given service. It is precisely this that Cuomo is charging is underestimated, requiring consumers to pick up much of the tab, in a climate in which these companies are making record profits.

Here is the link .

–Suzanne Verderber

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