New Mexico AG targets major health care provider over taxes
ALBUQUERQUE, N.M. -- New Mexico's top prosecutor is suing one of the state's largest health insurance providers over allegations that it falsified Medicaid deductions and credits and as a result evaded tens of millions of dollars in premium taxes and surcharges.
State Attorney General Hector Balderas on Tuesday filed a lawsuit against Presbyterian Health Plan Inc., Presbyterian Network Inc. and Presbyterian Insurance Co. Inc.
The case stems from a previous complaint filed by whistleblowers and is part of an ongoing civil and criminal review of Presbyterian and other health care companies that is being conducted by the attorney general's office. The state auditor's office is also conducting its own review.
"When insurance providers break the rules, they must face consequences," Balderas said in a statement issued after the lawsuit was filed.
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