9th Circ. Ruling Threatens Shoddy Medicare Part D Insurers

Law360, New York (May 29, 2013, 6:42 PM EDT) -- A new, precedent-setting Ninth Circuit ruling allowing the federal government to provide little notice before revoking the lucrative contract of an underperforming Medicare Part D insurer is an ominous sign for providers of prescription drug coverage, according to experts who say years of quality service won't buy corporations any goodwill if they fall down on the job.

The May 14 opinion, which upheld a decision by the Centers for Medicare and Medicaid Services to yank a $30 million-per-month contract with Fox Insurance Co., was the first...
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