|
|
Article: Medical Mutual of Ohio Signs Consent Decree.
- Article from:
- Business Wire
- Article date:
- September 24, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CLEVELAND--(BW HealthWire)--Sept. 24, 1998--In a move to bring the matter officially to a close, Medical Mutual of Ohio has signed a consent decree with the United States Department of Justice concerning the company's former policy of Most Favored Rates (MFR), which it voluntarily ended earlier this year.
When written into a contract, Most Favored Rates provisions required hospitals to guarantee Medical Mutual the lowest price for services in return for providing the highest volume of patients. In May of 1998, Medical Mutual announced that it would no longer include MFR provisions in current and future contracts. Enforcement of existing MFR provisions was halted ...