The Ohio Department of Insurance recently fined seven Ohio health insurers a total of $545,000 for delaying payments to healthcare providers in violation of the state's prompt-payment laws. Insurance Department Director Lee Covington also ordered the companies to submit corrective action plans within 30 days, according to department press releases.
Akron-based SummaCare paid the largest fine, $125,000. Cleveland-based plans that paid fines included Kaiser Foundation Health Plan, $115,000; Medical Mutual of Ohio, $100,000; and Medical Insurance Company of Ohio, $60,000.
Louisville-based Employers Health Insurance Co. paid $35,000. Westerville-based United HealthCare Insurance Company of Ohio paid $85,000 and Hometown Health Plan of Massillon paid $25,000.