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A Lakewood, New Jersey-based insurance producer admitted in court on Monday to bilking Blue Cross Blue Shield of $1.5 million through a fraudulent claims scheme, Asbury Park Press reported. The broker, who headed Madison Financial Services, created sham companies that marketed health insurance to local residents, giving the insurer the impression that they were paid employees.
1. UnitedHealth reports significant data breach; personal health info compromised
2. Humana to cut Medicare Advantage benefits amid rising costs
3. UnitedHealth faces scrutiny over size, operations, and cyberattack
4. Walmart to shut down health clinics due to unprofitability
5. Analyst says Cigna, Humana share prices could put merger back on the table
6. UnitedHealth to close Optum Virtual Care amid telehealth decline