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Cuomo Closes With Last Ingenix Holdout; New Reg Announced

From the AG's website 6/18:

Attorney General Andrew M. Cuomo today announced that Health Net, Inc. (NYSE: HNT) (“Health Net”) has agreed to end its relationship with Ingenix, the defective database insurers use to set rates, and contribute $1.6 million toward the creation of a new, independent database. . . . The agreement with Health Net marks the completion of the Attorney General’s industry-wide sweep of the health insurance industry and means that every insured New Yorker is now covered by his reforms.

Read the rest here.

On the same day, the Insurance Department unveiled the 43rd amendment to regulation No. 62, intended to codify the essence of the Cuomo agreements with insurers. See the Department's press release here and the draft regulation here.

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