FTC Settles Price-Fixing Claims With Minn. Health Co-Op

Law360, New York (June 21, 2010, 4:33 PM EDT) -- The Federal Trade Commission has reached a settlement with the Minnesota Rural Health Cooperative over allegations that the for-profit corporation of hospitals and doctors used anti-competitive strategies to increase its health insurance reimbursement rates.

The proposed settlement bars the MRHC from using anti-competitive tactics to secure reimbursement contracts from health plans, the FTC announced Friday. The MRHC will also be required to offer to renegotiate all existing contracts with health insurance providers and to submit any revised contracts for state approval.

“We're pleased the FTC investigation...
To view the full article, register now.