Healthcare DIVE July 17, 2024
A Pennsylvania pension fund had argued Centene board members had failed in their oversight responsibilities and ignored red flags about an alleged overbilling scheme.
Dive Brief:
- Centene’s board members have won a lawsuit blaming them for mounting settlement losses after the insurer was embroiled in a Medicaid fraud scandal.
- The Bricklayers Pension Fund of Western Pennsylvania argued current and former board members failed in their oversight responsibilities and ignored red flags about a scheme to overbill states for Medicaid pharmacy services, which resulted in settlements costing the insurer hundreds of millions of dollars.
- However, a Delaware judge dismissed the suit last week, saying the fund hadn’t proved Centene’s current board is liable.
Dive Insight:
The case arose from...
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