UnitedHealthcare Initiated Rescission Reform in Advance of Federal Implementation DateMINNEAPOLIS —
UnitedHealthcare, a UnitedHealth Group (NYSE: UNH) company, ended its limited use of rescission, except in cases of fraud or intentional misrepresentation of material fact, well ahead of the September 23, 2010 implementation date.
The company also announced that it’s in discussions with outside vendors to oversee an independent, external review process.
UnitedHealthcare’s action is consistent with the company’s recent announcement to immediately offer extension of existing coverage for graduating students 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 rescission, 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.