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PacifiCare Blocked from Paying $120 Million in Dividends
Cheryl Clark, for HealthLeaders Media, December 14, 2010
According to press reports, state insurance officials in September characterized PacifiCare's activities as "intense corporate greed."
PacifiCare and UnitedHealth Group have denied the accusations, and say the issues involve administrative errors that caused little if any harm. PacifiCare has one million California customers. PacifiCare gave legal notice last week that it intends to pay the $120 million to two subsidiaries of UnitedHealth.
Cheryl Clark is senior quality editor and California correspondent for HealthLeaders Media. She is a member of the Association of Health Care Journalists.
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