Healthcare Solutions Company Announces Major Comprehensive Settlement
LifeWallet Announces New Comprehensive Settlement with Property & Casualty Insurers.
MSP Recovery, Inc., doing business as LifeWallet (NASDAQ: LIFW), has announced a new comprehensive settlement with a group of affiliated Property & Casualty (P&C) insurers. This development follows two prior settlements within the past five months with various P&C insurers. These settlements have facilitated the discovery and potential recovery of improperly paid claims by Medicare payers, claims that should have been covered by primary payers. Improper payments like these impact the Medicare Trust Fund, resulting in inefficiencies and cost burdens. According to a federal appellate judge, when secondary payers efficiently recover from primary payers, the Medicare Trust Fund experiences cost savings. $MSP Recovery (LIFW.US)$
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