The Daniel Patrick Moynihan U.S. Courthouse in the Southern District of New York. (Photo: Ryland West/ALM) MultiPlan, Health Insurance Firms Face Deluge of Antitrust Complaints
"We believe this lawsuit has no merit, and we look forward to disproving the baseless allegations," a MultiPlan spokesperson said of the latest antitrust filing. "MultiPlan plays a vital role in helping to reduce healthcare costs across the entire healthcare ecosystem, benefiting payors, providers, employers, and patients."
June 21, 2024 at 03:39 PM
4 minute read
What You Need to Know
- MultiPlan is named as a defendant in at least 17 antitrust lawsuits filed since May 2024.
- The data analytics firm is accused of leading an alleged cartel in unlawful coordination with private health insurers.
- A spokesperson for MultiPlan described the latest allegations as baseless.
MultiPlan, a tech firm that provides data analytics and out-of-network cost-management services to health insurance companies, is facing a deluge of complaints over allegations it "profits handsomely" by "suppressing industry-wide out-of-network reimbursement rates."
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