Georgia Insurance Commissioner John Oxendine discussed regulatory work on a settlement of a race-based investigation of ING Life Insurance Company of Georgia, Atlanta, as well as a separate investigation of Humana Employers Health Care of Georgia, Inc.’s fine for violating the prompt pay law.
Oxendine says that work on a settlement to resolve an investigation of ING Life of Georgia for charging black policyholders higher premiums than white policyholders is “real close” to a settlement. “It is measured in weeks,” he continues. Points that still must be addressed include attorneys fees and technical points, Oxendine adds.
A spokeswoman for ING Life of Georgia said that there were no new developments at press time.
Oxendine also spoke of a $400,000 fine levied against Humana today, the largest fine in Georgia history.
A total of 10 other managed care companies are under investigation for violation of prompt pay laws, he continues.
Oxendine says that after an initial examination, companies were given 1.5 years to come into compliance and make adjustments such as system changes to be in compliance with Georgia’s prompt pay law.
The action was the second time in as many years that Humana has been cited for delaying claims payment, the department said. Humana, based in Atlanta, has previously been fined $15,039, the department says. The latest fine is based on new reviews, the department adds.