CEO of Insurer, WellCare, Resigns Following Fraud Settlement

whistle.jpgThe CEO of WellCare Health Plans, Inc., Health Schiesser, resigned after the insurer reached an agreement to settle claims with the federal government and Florida Medicaid for $80 million. The company is also keeping a reserve of $50 million to pay other claims. The settlement is the result of a whistleblower suit by a former employee, alleging that that company used a shell company to bill the insurer for services it did not perform as to inflate Wellcare’s claims to the federal government and Medicaid. The HCFBlog has written about this before here.
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