Cigna Corp. has agreed to settle physicians' claims-processing lawsuits against the company for an estimated cost of $140 million, representatives of the Philadelphia-based company and for the physicians said this afternoon.
The document, to be presented for preliminary approval to U.S. District Judge Federico Moreno in Miami on Thursday, represents a complete overhaul of a settlement that Cigna signed last November with an Illinois physician, both sides say.
Cigna withdrew that settlement after representatives of the medical societies objected to its being handled outside Moreno's courtroom and said that, in any case, it did not go far enough to address physicians' concerns.
The new settlement is similar to one between doctors and Hartford, Conn.-based Aetna that was announced May 22, says Archie Lamb, an attorney for 18 state medical societies, two county societies and 26 individual doctors who are suing Cigna.
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