Hospitals To Pay $151M For Excess Medicaid Payments

Law360, New York (August 21, 2006, 12:00 AM EDT) -- North Carolina will soon begin forking over $151 million to repay the federal government for excess Medicaid payments collected by state hospitals over the last six years.

The settlement, reached by the state’s U.S. Attorneys and the U.S. Department of Health, stipulates that the 51 North Carolina hospitals that benefited from the excess payments pay $91.5 million, and the state pay the balance.

The state will make an initial payment of $106.5 million, which includes the entire payment from the hospitals, by the end of September....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.