MIAMI (WSVN) - A Miami-based company may have paved the way for billions of dollars in healthcare reimbursements across the country.
A court granted MSP Recovery class-certification status under the Medicare Secondary Payer Law. This marks the second such certification for the nation’s leading healthcare recovery company.
The class certifications make them the only company in the U.S. to achieve certification of a class-action lawsuit on behalf of medicare advantage organizations under the federal law.
This paves the way for MSP to recover billions of dollars in reimbursements from payers, like automobile insurers who had primary responsibility to pay medical claims.
“We were able to do something that no one has been able to do before, and in the process of doing that, we realized this is just the tip of the iceberg,” said MSP Recovery founder John H. Ruiz. “There’s so much more to be able to discover and then ultimately recover as it pertains to these improper payments.”
MSP Recovery Law Firm attorney Frank Quesada said the impact of this win will affect many people. “The impact of this win is one that is going to affect every single one of us because the health plans are going to be able to finally recover those billions of dollars that they didn’t realize they were paying out improperly,” he said. “So, what that means for you and me is that there is going to be more money to provide for medical care.”
These landmark legal wins are expected to recover double-damage reimbursements for the nation’s health insurance plans, which help replenish medicare and social security for all Americans.
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