WellCare $137M Whistleblower Deal Now Official
The health insurer, which was sued over accusations that it had been overcharging for its Medicare and Medicaid programs, said it will pay the $137.5 million plus interest over a period of 36 months, and that the settlement would not have a material impact on 2012 financial results.
Resolution of the civil complaints had been held up when a whistleblower objected to the settlement. The objection was withdrawn last month and the whistleblower signed off on the federal settlement, making the resolution effective on Friday, WellCare said.