Report: Colorado Fines PacifiCare $70,000
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<i> Bloomberg News</i>
PacifiCare Health Systems Inc. was fined $70,000 by the Colorado Division of Insurance for violating state insurance laws and rules in 1995, the Denver Post reported.
The violations include failing to respond to policyholders in a timely manner, using consumer eligibility forms that unnecessarily restricted benefits and taking too long to process claims.
Santa Ana-based PacifiCare is the second-largest managed-health-care provider in Colorado, covering more than 400,000 individuals.
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