NYSE:ELVHealthcare
Court Ruling On Surprise Billing Tests Elevance Health Cost Control Story
A federal court in California dismissed a lawsuit filed by an Elevance Health subsidiary against billing intermediary HaloMD and provider parties over No Surprises Act disputes.
The judge found insufficient evidence of abuse of the independent dispute resolution process and limited insurers' options to challenge arbitration outcomes outside that process.
Elevance Health, listed as NYSE:ELV, plans to appeal, signaling the importance of this ruling for its approach to surprise billing...