UnitedHealth To Pay $1M For Antitrust Pact Breach

Law360, New York (June 23, 2011, 4:07 PM EDT) -- UnitedHealth Group Inc. on Wednesday agreed to pay $1 million after Nevada prosecutors said the insurance giant violated an antitrust agreement not to gain any interest in Fiserv Nevada Inc. as a condition of buying Sierra Health Services Inc.

The agreement was reached in February 2008 to prevent UnitedHealth from cornering the Nevada market, but in September 2009, the state's antitrust authorities learned that Fiserv Nevada customer accounts were transferred to UnitedHealth’s Fiserv Health subsidiary, according to a settlement agreement.

"[UnitedHealth] failed to deliver on its...
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