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Aetna settles billing case with students

Wall Street Journal, February 3, 2009
New York Attorney General Andrew Cuomo said that Aetna Inc. will pay more than $5.1 million to reimburse college students for alleged underpayment of out-of-network health-insurance claims. In a statement, Cuomo said Aetna will pay more than $5.1 million for underpayments, plus interest and penalties, and make changes in its claims processing system for its Aetna Student Health unit. The insurer also will hire an independent third-party examiner to review the unit's compliance and training procedures.