Coventry Health Care, Bethesda, Md., and its subsidiary, HealthAmerica Pennsylvania, agreed to pay $29 million to the U.S. Justice Department to settle a dispute over premium charges for federal employees. Following an audit, the Justice Department and the Office of Personnel Management questioned $31.1 million of HealthAmerica's subscription charges from 1993 to 1997. In a company news release, Coventry CFO Dale Wolf said the settlement does not reflect wrongdoing by Coventry and its subsidiary and will not affect earnings. The managed-care company has 3.1 million members in employer- and government-funded groups in 14 markets. -- by Patrick Reilly
Coventry settles U.S. complaint over premium charges
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