News Headlines Article

State: PacifiCare violated the law, health insurer denies allegations
Los Angeles Business Journal

Health insurer PacifiCare broke promises of a smooth transition following a merger in 2006, according to state insurance regulators who are seeking a possible record $9.9 billion in fines through an administrative law hearing. PacifiCare, which is based in Cypress and has about 1 million customers in California, was bought by UnitedHealth Group ., the nation’s largest health insurer based on revenue.