Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: HealthMarkets, Inc. et al.
Current Parent Company: UnitedHealth Group
Penalty: $165,237,562
Year: 2025
Date: January 6, 2025
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Mega-Scandal: Healthcare Billing Abuses
Violation Description: HealthMarkets, Inc. and its subsidiaries, The Chesapeake Life Insurance Company, and HealthMarkets Insurance Agency, Inc. f/k/a Insphere Insurance Solutions, Inc., were ordered to pay over $50 million in restitution for Massachusetts consumers and over $115 million in civil penalties to the Commonwealth for misleading consumers into buying unnecessary health insurance products. Each of the defendants is owned by UnitedHealth Group.
Level of Government: state
Action Type: agency action
Agency: Massachusetts Attorney General
Civil or Criminal Case: civil
Facility State: Massachusetts
HQ Country of Current Parent: USA
HQ State of Current Parent: Minnesota
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: healthcare services
Specific Industry of Current Parent: insurance; managed care
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.