Wednesday, May 15, 2024
UnitedHealth attacks Chile over new rules that fuel insurance crisis
International health insurers such as UnitedHealth Group and Bupa are preparing for a confrontation with Chile’s government after a series of new regulations and court rulings pushed the industry toward collapse. Banmedica, a unit of Minnetonka, Minnesota-based UnitedHealth, sent a letter to the government this week warning that it would seek compensation from the state under the free trade accord between Chile and the US. A similarly ominous letter was sent in March by the British United Provident Association, or Bupa.
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