EAST ST. LOUIS, Ill., July 31, 2020 /PRNewswire/ — A settlement has been proposed in a class action involving interest payments on physician and healthcare provider invoices for care governed by the Illinois Workers’ Compensation Act and arising under the Illinois Consumer Fraud and Deceptive Business Practices Act (the ” Settlement “), the terms of which are set forth in full in a settlement agreement (the ” Settlement Agreement “). Capitalized terms not defined herein have the same meanings as they do in the Settlement Agreement.
What’s the case about?
The Plaintiff contends that Illinois Physicians and/or Healthcare Providers who render services to patients covered under the provisions of the Illinois Workers’ Compensation Act, 820 ILCS 305, et seq . , were entitled to simple interest on medical bills containing all necessary data elements that were paid more than 30 days late and that failure to pay interest was a violation of the Illinois Consumer Fraud and Deceptive Business Practices Act. Different insurance companies and third-party claims administrators (” TPAs “) are named as Defendants.
What is the settlement?
If you are a member of the Class, and if you timely submit a Claim Form – including provision of […]
read more here —> www.prnewswire.com